MPWR is showing a classic Bullish Flag. Don't miss the move.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Traders are watching Monolithic Power Systems (MPWR) as price action tightens. The stock is trading at $1118.49, down 0.09% on the day. The primary technical feature is a Bullish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $1138.42, targeting $1457.26 with support near $994.02 (R:R 2.21).
What is your outlook on MPWR?