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Microchip

NVDA SHORT TO 620 BECAUSE BEARS PARTY WITH GOOD GPU'SHere's a neat little POTENTIAL setup. I added a projection line. I probably shouldn't have added a projection line. It will probably make me look stupid in a few months to a year. Or maybe even right now. Depends if you like my charts or not. Or have just recently followed. This chart is a little more longer term. Do I think NVDA crashes some 32% to $620 overnight? No. Sorry, but even bears gotta be realistic. There will be stops along the way. There are some levels of support heading down. But ultimately. There are a lot of rejection areas stacked in a small window of time. Weekly RSI is crossed down. Daily RSI still technically bullish. That can change quickly. Monthly RSI still technically bullish. But also, pretty much maxed out. 4 hour is on the chart 55.41 to 55.17, still technically Bullish until crossing. Price targets are marked, which include but are limited to only 4 (I normally include a lot more but I want to keep this chart clean), as the patterns and major trends are well defined. You'll see. RED HORIZONTAL rejection line at 1200. PINK TREND LINES, ALL currently rejection trends, all of which can breakout in future. GREEN TREND LINE, It's a superman strong trendline. IF PRICE CONFIRMS, YOU WANT IN. WHITE GREEN HORIZTONAL, IDEAL bottom from the drop. 617.21?? GREEN HORIZONTAL, potential BOTTOM. (this number projects out some 2 years or so, and I'm not sure we see it until we see upside targets of ridiculous numbers, like 1200 or even 1800 per share. I could then see NVDA taking down the market. Which would bring price to 230. That move is very possible. 620 to 800 buy nets 2 to 3x profit at those 1200 and 1800 price targets. A drop from those price targets to 230 is just around 80%. If you don't think a stock can lose 80% of its value and run to 5000, SEE META. Too lazy to look? Got ya covered. Does it happening to META mean it will happen to NVDA?? NOT ONE BIT. My point with that is that an 80% drop followed by a 600% run isn't totally out of reality. Because it literally happened. Multiple times, but I only used META as the example. This chart covers TECHNICALS only. Mostly Trends, Price targets. But also, put/call. check the ratio's heading into AUG thru NOV. They look a little high to you? Maybe it's just me because it's near 4/20. www.barchart.com Alright, I think that covers everything. I'll add more when I see via updates to this chart. IDK where the entry would be, but somewhere between now and 890. I'm WRONG often, don't take my word for any of this chart. Look everything up, pull from a lot of sources, do YOUR analysis and then make a decision. GOOD LUCK.
NASDAQ:NVDAShort
by nicktussing77
16
Intel - Clear StructureHello Traders, welcome to today's analysis of Intel. -------- Explanation of my video analysis: In 2022 Intel broke a massive previous support level at the $45 area towards the downside. This break was followed by a drop of roughly -50%. With a perfect retest of a very long term structure level, this recent pump on Intel was quite anticipated. If Intel pulls back to the previous support level mentioned in the analysis, I am looking for potential long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:INTC
by basictradingtv
6
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
"Are Bears Ready To Take Microchip Technology Down?" - PossiblyMicrochip Technology Inc. (NASDAQ: MCHP) is at a Critical Make-Or-Break Point right now which is around 92 Zone . If it continues to lose momentum and manage to close decisively below this zone on 1 Hour Basis, then we may see a good Down Side as per TTC Breakout Formation . For Short-term targets, Trader should eye on 90.70 Zone . Then 89.30 is the next support. For Swing Traders, 85.50 Zone is Very Critical. Below which we can see a good amount of selling. Microchip Technology is an American manufacturer of microcontroller, memory and analog semiconductors. Among its chief competitors are Analog Devices, Infineon, Maxim Integrated Products, NXP Semiconductors (previously Philips and purchased Freescale), Renesas Electronics, STMicroelectronics, and Texas Instruments.
NASDAQ:MCHPShort
by TFTIndia