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MPWR forms NR7 on August 20
On Thursday, August 20th, MPWR moved up 0.78% while volume shrunk to 0.3× the usual levels. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 1294.55, 1278.79 & 1262.57, with resistance at 1326.53, 1342.75 & 1358.51. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MPWR: C
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