Hubert Senters here.
Let’s take a look at MCHP. It had a good day on Friday where a lot of stocks didn’t have great days so you’ve got a one, two, three, four day buy signal above the cloud.
I’m going to give you a potential target here. We’re going to take the most recent swing low, high and low. And Fibonaccis will help us kind of predict our next targets or as a resistance area.
So next target for MCHP as early as next week will be $130 to $135.
Mark Helweg will be doing a webinar Tuesday, November 10th at 8PM EST. The title of the webinar is ”The Simple Way to Trade These Complex Market Conditions.” He’ll be covering these four topics.
I will HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.