Here we can see 
MCHP has completed a two year-long Head and Shoulder pattern. Furthermore, to add to our bullish bias for a breakout to all time highs, a smaller Ascending Triangle has formed as part of the right shoulder. Also, this Ascending Triangle almost has the same resistance as the larger Head and Shoulder pattern. A breakout for the Ascending Triangle would almost certainly mean a breakout for the larger pattern and that's just what we got!
Having completed the breakout of this chart pattern, I look for MICROCHIP TECHNOLOGY to stay on its journey to new all time highs; targeting price: $142.37
If you found this idea to be informational or helpful, consider leaving a like or comment!
Cheers
MCHP has completed a two year-long Head and Shoulder pattern. Furthermore, to add to our bullish bias for a breakout to all time highs, a smaller Ascending Triangle has formed as part of the right shoulder. Also, this Ascending Triangle almost has the same resistance as the larger Head and Shoulder pattern. A breakout for the Ascending Triangle would almost certainly mean a breakout for the larger pattern and that's just what we got!Having completed the breakout of this chart pattern, I look for MICROCHIP TECHNOLOGY to stay on its journey to new all time highs; targeting price: $142.37
If you found this idea to be informational or helpful, consider leaving a like or comment!
Cheers
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.