ARTICLE SYNOPSIS...The possibility of long consolidation remains in Microchip Technology, while the stochastic is overbought but flat, so bulls sustain the rally.
ARTICLE SYNOPSIS...Rising wedge formations tend to have bearish impications, and MCHP is in the process of finishing one.
ARTICLE SYNOPSIS...The bullish breakout of MCHP formed higher bottoms and peaks. The stock is likely to be heading upward.