A New Peak: NVIDIA’s Next Leg Up NASDAQ:NVDA The never ending fire pit.
Weekly bullish expansive and engulfing bar printed on last weekly candle closing above previous highs and making a new ALL TIME HIGH. Lots of strength as price seems to keep on giving.
Bullish time at mode trend has just been confirmed:
- Expiry is set for the end of November
- Targets of $154 and $170's at first.
- Entry dcd on a retrace toward low $140's to high $130's
Microchiptechnology
🔍🔧 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 🌐📊