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myfye13

MU pullback

Short
Micron Technology (NASDAQ:MU)  
myfye13  
NASDAQ:MU   Micron Technology
MU short pullback retracement Fibonacci Retracement Fibonacci Bearish Patterns overbought Relative Strength Index (RSI) Commodity Channel Index (CCI)
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mu short pullback retracement fibonacciretracement fibonacci bearish overbought relativestrengthindex commoditychannelindex
- Stock hitting resistance at 61.8% retracement from multi-year highs.
- CCI shows a bearish divergence. While this bearish divergence also showed up in the middle of 2016 and stock continued to trend up, this time the RSI shows the stock is overbought.

I would expect a pullback to the original trend line, possibly back to 50% retracement before an uptrend is continued, if it does continue.
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