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PontusTrader
Sep 7, 2018 1:47 AM

Long MU on two strong bullish reasons Long

Micron Technology, Inc.NASDAQ

Description

Reasoning is as follows
  • Look what happens when daily price breaches lower bollinger band (highlighted in green circles) - price rips back up
  • Price is just hovering on channel support

These two reasons are clear enough for me that price will revert up. One thing to note, there is a strong VPOC node in the $42 - $43 area (not shown here) as well.

Comment

Grabbed 5xSEP14 50 calls at 0.15, will add more next week.

Comment

Check this out:
Comments
willmyname23
awesome. where can i get more info to do this kind of analysis?
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