Timing Trades in Microchip Technology $MCHP can be Risky if you Don't Have Discipline


Trading Microchip Technology (NASDAQ: MCHP) or any other stock for that matter requires a degree of disciple that not every investor has.  Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it.  The data we offer below for MCHP has been compiled in such as way as to demonstrate how to do this using a real-time example.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

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Review the MCHP Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Strong Strong
P1 0 0 135.22
P2 156.15 160.94 147.53
P3 161.00 168.27 160.38

Long Term Trading Plans for MCHP

February 23, 2021, 3:30 am ET

The Technical Summary and Trading Plans for MCHP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MCHP Report.

MCHP - (Long) Support Plan

The technical summary data tells us to buy MCHP near 147.53 with an upside target of 160.38. This data also tells us to set a stop loss @ 147.1 to protect against excessive loss in case the stock begins to move against the trade. 147.53 is the first level of support below 155.19 , and by rule, any test of support is a buy signal. In this case, support 147.53 is being tested, a buy signal would exist.

MCHP - (Short) Resistance Plan

The technical summary data is suggesting a short of MCHP as it gets near 160.38 with a downside target of 147.53. We should have a stop loss in place at 160.84though. 160.38 is the first level of resistance above 155.19, and by rule, any test of resistance is a short signal. In this case, if resistance 160.38 is being tested, a short signal would exist.


MCHP Long Term Analysis for February 23 2021

Swing Trading Plans for MCHP

February 23, 2021, 3:30 am ET

The Technical Summary and Trading Plans for MCHP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MCHP Report.

MCHP - (Long) Support Plan

If 160.38 begins to break higher, the technical summary data tells us to buy MCHP just over 160.38, with an upside target of 160.94. The data also tells us to set a stop loss @ 159.92 in case the stock turns against the trade. 160.38 is the first level of resistance above 155.19, and by rule, any break above resistance is a buy signal. In this case, 160.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

MCHP - (Short) Resistance Plan

The technical summary data is suggesting a short of MCHP if it tests 160.38 with a downside target of 147.53. We should have a stop loss in place at 160.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 160.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


MCHP Swing Trading Analysis for February 23 2021

Day Trading Plans for MCHP

February 23, 2021, 3:30 am ET

The Technical Summary and Trading Plans for MCHP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MCHP Report.

MCHP - (Long) Support Plan

If 156.15 begins to break higher, the technical summary data tells us to buy MCHP just over 156.15, with an upside target of 160.38. The data also tells us to set a stop loss @ 155.79 in case the stock turns against the trade. 156.15 is the first level of resistance above 155.19, and by rule, any break above resistance is a buy signal. In this case, 156.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

MCHP - (Short) Resistance Plan

The technical summary data is suggesting a short of MCHP if it tests 156.15 with a downside target of 147.53. We should have a stop loss in place at 156.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 156.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


MCHP Day Trading Analysis for February 23 2021


MCHP EPS Analysis for February 23 2021

MCHP Dividend Chart for February 23 2021

MCHP Revenue chart for February 23 2021

MCHP Growth rate - Quarterly for February 23 2021

MCHP Growth rate - Yearly for February 23 2021

MCHP PE chart for February 23 2021

MCHP PEG chart for February 23 2021

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