I made a sizeable amount from MU last month, but it was pretty clear at the beginning of August that we were going to have a choppy first week so I liquidated all unprofitable and took profit on volatile equity positions and held on to bonds. I'm slowly starting to buy back into stocks and equity ETFs again, and MU is definitely pulling back into their great uptrend again.
If you look at the moving averages, the price over the prior weeks has bounced off the 200 day moving average after barely breaking down below the 50 day. It's now sky rocketing through the 10 day average and flashing that it will go over the 20 day and pull the 10 day up with it. RSI, MACD, and ADX are all indicating the the price trends are reversing back to bullish. Rate of change is flashing bullish again and showing that the macro-reaction to the trade war drama is a temporary setback for this promising firm.
If you look at the moving averages, the price over the prior weeks has bounced off the 200 day moving average after barely breaking down below the 50 day. It's now sky rocketing through the 10 day average and flashing that it will go over the 20 day and pull the 10 day up with it. RSI, MACD, and ADX are all indicating the the price trends are reversing back to bullish. Rate of change is flashing bullish again and showing that the macro-reaction to the trade war drama is a temporary setback for this promising firm.