simbha
Long

Mu Ascending triangle Update.

NASDAQ:MU   MICRON TECHNOLOGY INC
With all the positives from company Q2 earnings call, breakout upside is looked into .
Ascending traingle breakout probability is comparatively less. So targets have no value till breakout.
GLTA.
Wow... it just brokedown but after 24 bars.
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If the triangle is coming to a head and political issues abate and ERs of other Semis are good when should we get this breakout up? The $10 BB starts or is authorized to start 9/1. 4th Q and 18 FY results due the later part of Sept.
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simbha caffeineplease
@caffeineplease, Breakout near Head(Penant) is not a healthy one and upside will not be impulsive but could be a gradual rise. We should see new patterns by then. Hopefully it breaks out of this triangle in next 2~3 weeks.
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