MPWR is showing a classic Broadening Formation. Don't miss the move.
Expanding volatility. Sign of instability.
A clear signal has emerged for Monolithic Power Systems (MPWR) on the daily chart. Price has moved to $1363.42 (-0.64%) amidst recent volatility. Algorithmically, a Broadening Formation structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $1378.55, targeting $1771.07 with support near $1182.29 (R:R 2.0).
What is your outlook on MPWR?