MPWR is showing a classic Diamond. Don't miss the move.
Indecision. Widening then narrowing range.
Traders are watching Monolithic Power Systems (MPWR) as price action tightens. Price has moved to $1563.7 (7.97%) amidst recent volatility. The primary technical feature is a Diamond formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $1714.09, targeting $2023.18 with support near $1559.54 (R:R 2.0).
What is your outlook on MPWR?