Showing posts with label bottoming patterns. Show all posts
Showing posts with label bottoming patterns. Show all posts
Wednesday, June 11, 2008
Stock Chart Analysis MCHP
Article by downtowntrader at Chart Analysis MCHP Microchip Technology Inc. (Public, NASDAQ:MCHP) While the markets have been looking weak to me, I noticed more then a few semiconductor equipment stocks tonight with interesting patterns developing. There are more then a few that look like they are attempting bottoming patterns. MCHP is one for instance. While it has plenty of overhead resistance, the recent action
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