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Mchpanalysis

🔍🔧 Microchip Technology (MCHP) Analysis 🌐💻📊 Company Overview: Microchip Technology, a global developer and manufacturer of smart and secure control solutions. 📉 Current Market Condition: Navigating a cyclical downturn as acknowledged by its management. 🔄 Temporary Downturn: Despite challenges, indications suggest Microchip's downturn is temporary. Expected return to growth in the future. 📈 Historical Profitability: Demonstrated remarkable ability to maintain high profitability throughout its history. 👥 CEO Perspective: CEO Ganesh Moorthy anticipates a cycle similar to the rush to buy chips two years ago. Forecasts an average annual revenue growth of 10% to 15% through fiscal year 2026. 📈 Market Analysis: Bullish outlook on Microchip Technology (MCHP). Suggested entry above the $80.00-$81.00 range. 🎯 Upside Target: Upside target set in the $124.00-$126.00 range. 📣 Conclusion: Microchip's history of profitability and CEO's confidence in future growth contribute to a positive outlook. Entry suggestion and upside target align with potential industry rebound. Stay informed for evolving market trends! 📰💹 #MicrochipTechnology #MCHPAnalysis #MarketWatch 🌐📊
NASDAQ:MCHPLong
by Richtv_official
MCHP LONG - Buy Entry - D1 ChartMCHP LONG - Buy Entry - D1 Chart Buy @ Market Symbol: MCHP - Microchip Technology Inc Timeframe: D1 Type: BUY Entry Price: Buy @ Market Last High - Resistance @ 88.98 Resistance @ 87.69 Pivot Point Yearly @ 80.36 Resistance becomes Support @ 77.00 Support @ 73.64 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
CAPITALCOM:MCHPLong
by UnknownUnicorn35780991