Monolithic Power (MPWR) shares of the lesser followed Semi leader are coiled right in its monthly value area and just about 7% off the all time highs from last month near 891 while the recent dip in markets saw MPWR test and rebound from its 55 day MA near 800. MPWR has been a solid winner the past year, up more than 100% from the October lows and about 30% YTD with a lot of upside likely still to come from AI demand sustaining. MPWR has a larger daily ATR at near 60 points so its best to account for that when using a stop loss or allow for a weekly chart closing level to manage risk from. A breakout above 860 likely moves to 900+ with the fib extension target near 935.