MCHP Bullish Setup – 1:25 R:R with 3 Consecutive Doji Candles
MCHP has arrived at a key historical support level, and we’ve now seen 3 consecutive doji candles, indicating indecision but a potential bullish reversal. The stock remains in a long-term uptrend, with the all-time high (ATH) not far off.Increased volume suggests renewed buying pressure, offering an excellent 1:25 risk-to-reward ratio if support holds. After my stop was triggered this month, I’ve bought back in, confident in the strength of this setup.
https://www.tradingview.com/x/SbhRPt5K/
This analysis is supported by the invite-only Trend Recognition Indicator by PattRec.
Trade fermée: ordre d’arrêt atteint
Once again on MCHP the stop loss was triggered. Will follow next weeks how the price will be moving.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.