Downloading...
Microchip Technology Incorporated
Long
Updated

Mean Reversion Trade: MCHP

24
1. RSI in oversold region
2. Price likely to rebound back the the mean

Trade Rules:
Entry Trigger - RSI has cross below oversold region, enter limit buy at close price
Exit Trigger - Close at market when close price cross above exit trigger (Red step line)
Trade active
Entered Long @ 67.77

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.