Technician
Short

Micron: Probably Time for a Serious Correction

NASDAQ:MU   MICRON TECHNOLOGY INC
559 3 10
Micron has completed a topping formation, hinting a potential deeper bearish correction.

-The price has completed a minor head and shoulders pattern, by breaking 31.80 horizontal support level,
- In addition to breaking the 50-days SMA .
-Strong volume levels on breakout
-The price attempted to regain the upside, but today's action was bearish , as price failed to sustain the rebound, forming a shooting star candle, and indicating that the rebound is probably a mere throwback(retest).

I am expecting a move initially to 28.00 then towards the main rising trend line around 25.50. I would consider this scenario not valid if price breaks and hold back above 33.00.

Good luck mates, come join me at https://twitter.com/thefxchannel
also at my Facebook             page www.thefxchannel.com
My best regards,
Technician
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
metaldome
2 years ago
That looks promising. Have you or will you act on this? Plan to enter?
Reply
2use metaldome
2 years ago
Plan to sell until further up trend confirmed
Reply
I am looking to short anywhere around 31.50.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out