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A_Swissa
Dec 22, 2017 3:25 PM

MU - Back To Trend Long

Micron Technology, Inc.NASDAQ

Description

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

Comment

stiil going long
stop down to 41.49

Trade closed: stop reached

Comments
hellreturn
Will prolly fall to 39-41 range before going up.
crypto.sok
@hellreturn, kinda)
A_Swissa
@hellreturn,
nice call
but i still think this is a temporary weakness due to apple
hellreturn
@TamirHa, 41.50 i was expecting based on Febo chart. Now if tomorrow it drops below 41.50 it will def see 39. Form double bottom and then go up. GL.
brawnd
really quite unfortunate a report from "unverified sources". Apple usually comes out with great news shortly after the fake news hits.
PowerOfCapital
bot back my shorts at 42.2.
Jefe
No respect for TA anymore. This market is absolutely bonkers!
A_Swissa
@fakhan, hahano one is listening
But seriously
AAPL cutting back on its iphone x demand
Temporary weakness
PowerOfCapital
Not a good trade in my view.
A_Swissa
@watsonzou26, so go short
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