Micron has gone through few weeks of consolidation after good run in 2017. Potential breakout from triangle with Reward over Risk > 2. Currently, It's Oversold and showing growing volume indicating BULL is coming back. Breakout also seen at Bollinger Band indicator.. Target is around $56.
Looking like it's evolved into a double-base with BP @ $50.08 now, lack of volume on breakout from triangle pattern is a little concerning
kgiap123
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@JohnBrewer, agree... and right now a bit oversold with yesterday Doji candle.. Right time to take profit or at least take partially.
JohnBrewer
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@kgiap123, agreed. take partial and treat the new BP as a re-entry. Got in using your triangle pattern and it worked nicely, cheers!
kgiap123
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So far so good!
germac
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As of Feb 18th it looks like your call is good; tomorrow's move will make or break it, I think.
kgiap123
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@germac, yeah... Looks like MU BULL had enough rest. it's already breakout from the triangle with higher volume. It's completed ABC . Bollinger band indicator also give a buy signal and Force Index has been +ve for few days. But I see there's few resistance on the way up..
I'll start accumulating.. and buy more when it formed higher high.