LONG on MCHP
REASON FOR THE ENTRY: Breakage of the 3P-Resistance at the close of the 1-day candle. The closing condition for this position is imposed by one of the following events:
A break of the "Guide" line (in green) at the close of the 1-day candle. A cross of the Hull MA at the close of the 3-day candle, with the short HMA being 100 periods and the long HMA being 200 periods. Weekly position tracking, recorded in the comments section below.
Microchip Technology Incorporated appears to be benefiting greatly from the rise of artificial intelligence and could take the baton from NVIDIA or Oracle.
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