MPWR is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
A clear signal has emerged for Monolithic Power Systems (MPWR) on the daily chart. The stock is trading at $1333.81, down 4.53% on the day. Algorithmically, a Descending Triangle structure has completed. Volume is average (0.74x avg) with moderate trend strength (2.2). A potential breakout level is identified at $1231.0, targeting $797.9 with support near $1419.92 (R:R 2.29).
What is your outlook on MPWR?