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mbrennan

MU - Correcting a year-long channel

Short
Micron Technology (NASDAQ:MU)  
mbrennan  
NASDAQ:MU   Micron Technology
MU retracement correction ABC Parallel Channel short puts
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mu retracement correction abc parallelchannel short puts
MU has been channeling up since 3/2013 in a wedge that is due to correct by falling to the bull trend line.

There have been 3 pushes, and it looks like the correction is taking on an ABC pattern.

You could short now or short 1 tick below last week's low.
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