Time to play the waiting game

175 0 0
MU has yielded its traders healthy profits over the last 6 months, though, as is typical in many stocks, MU has seen fast periods of rapid growth, followed by prolonged periods of rest. While I believe MU will continue to trend upward, I think we are about to see another period of consolidation.
For the last year MU has consolidated at every point of resistance, and given that MU just passed its 52 week high, I do not think it would be unrealistic for us to see some consolidation. Additionally in all of MU's major uptrends for the last 52 weeks; 10 or more days of elevated stoch and 5 or more days of heightened rsi has signaled a period of consolidation (doesn't not apply if not uptrend). So given the current signs, and assuming MU's RSI and STOCH stay positive for a few more days, I think we are going to have to play the waiting game on this one.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out