MCHP Long... not precisely

Oct 8, 2021

Ok, the price is touching the EMA200 and it's showing rejection from that support, yay!!! also we could consider that a double bottom with the previous candles and indicators seems to be really low with a clear momentum loss. We could all say it is an amazing opportunity... right? I consider that to be a real possibility, but on second thought, there might be forming a head and shoulders pattern, be careful. In the following days it could rise a bit, but in long term it could be a "bit dangerous"

Oct 8, 2021

Note

I forgot to comment about the volume in the last candles, the volume is below the mean of the last candles, it shows lower sell pressure, so it's going to be hard to break the EMA200