Long trading idea on $MCHP
Long trading idea on 
MCHP
Reasons to buy:
The stock has arrived at a strong support level, maintaining its long-term uptrend.
We're not far from the all-time high (ATH), offering a favorable risk/reward ratio of 1:18 until ATH.
Increased volume and the formation of a doji signal a potential reversal after a recent downturn.
Strategy: Partial take profits can be placed before reaching ATH, with the rest held for a longer-term target beyond ATH. Looks like a solid opportunity!
MCHP Reasons to buy:
The stock has arrived at a strong support level, maintaining its long-term uptrend.
We're not far from the all-time high (ATH), offering a favorable risk/reward ratio of 1:18 until ATH.
Increased volume and the formation of a doji signal a potential reversal after a recent downturn.
Strategy: Partial take profits can be placed before reaching ATH, with the rest held for a longer-term target beyond ATH. Looks like a solid opportunity!
Trade closed: stop reached
The stop loss was triggered. I’m still following it to see how it performs over the next few weeks. It’s important to have a stop loss because the next drop could be to 35. Better not to find out with your own money.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.