I’ve liked Microchip Tech ($MCHP) for a while but it hasn’t given me the low-risk entry I was looking for, until now. Here’s the weekly chart where you can see the breakout it had from a huge descending triangle last month. Looking at the last six months in more detail on the daily chart below, you …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. 
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