Nov. 14 at 3:10 AM
$MPWR is currently trading at
$924.29, which is significantly below its 30-day moving average (MA30) of
$998.79 and 50-day moving average (MA50) of
$953.56, indicating a bearish trend. The RSI of 28.77 suggests that the stock is oversold, which could signal a potential reversal or bounce. However, the price remains within the 60-day high of
$1123.38 and low of
$800.97, indicating a volatile range.
For a trade plan, consider entering a long position if the price breaks above the MA30 at
$998.79, signaling a potential trend reversal. Suggested entry would be at
$930. Stop loss should be set at
$900 to manage risk. Target 1 could be set at the MA50 of
$953.56, and Target 2 at the 60-day high of
$1123.38, allowing for potential gains as the price recovers.
Monitor the RSI and price action closely for confirmation.
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