MU is in an uptrend
rising channel was vroken down and correction has begun
after about 50 fib level price found support at 40$ area
tish week the company posted better then expected earnings resulting in 4% move higher
price closed the gap and now starting to turn back up
nothe that MACD is turning up as well
price action is very bullish and i can see price closing gaps above current levels and attacking recent highs
use small channel as trend indicator
rising channel was vroken down and correction has begun
after about 50 fib level price found support at 40$ area
tish week the company posted better then expected earnings resulting in 4% move higher
price closed the gap and now starting to turn back up
nothe that MACD is turning up as well
price action is very bullish and i can see price closing gaps above current levels and attacking recent highs
use small channel as trend indicator
Trade closed: stop reached
stop down to 41.49