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 fechado: stop atingido
Once again on MCHP the stop loss was triggered. Will follow next weeks how the price will be moving.
📊 +19.50% made in less than 12 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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📊 +19.50% made in less than 12 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.