Monolithic Power Systems Inc. (NASDAQ: MPWR) | Strong Base FormaCurrent Price: $706.46
Target Price Levels: $775 (Gap Fill), $950 (Extended Target)
Analysis:
Base Formation: The stock has built a solid base near $553, confirming strong support levels.
Gap Fill Opportunity: A clean upward breakout signals that the stock may first attempt to fill the gap up to $775.
Moving Average Crossover: Bullish signs as the stock trades above key moving averages.
Extended Target: A potential move towards $950 as market momentum picks up.
Conclusion:
With this promising setup, MPWR could deliver impressive gains for investors.
Disclaimer: This analysis is for educational purposes only. Conduct your own research before investing.
