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.
Trading ditutup: stop tercapai
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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.