$MU Bullish Flag ? if breakout off the upper channel, target $58
My first Idea, please be nice :)
Noticed that $MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume.
Convergent indicators:
1. Bounced off the 200 MA
2. MACD crossing
3. Bounced off the strong support at $39.10
Neutral indicators:
1. RSI very neutral
Divergent Indicator:
1. %R is high
With the same height of the flagpole, target price would be around $59.
Added:
ER is coming up. $AMD, $AMAT, and $NVDA all beat. What would $MU do? And what would the price do? ;)
Chris
Noticed that $MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume.
Convergent indicators:
1. Bounced off the 200 MA
2. MACD crossing
3. Bounced off the strong support at $39.10
Neutral indicators:
1. RSI very neutral
Divergent Indicator:
1. %R is high
With the same height of the flagpole, target price would be around $59.
Added:
ER is coming up. $AMD, $AMAT, and $NVDA all beat. What would $MU do? And what would the price do? ;)
Chris
Comment:
Looks good so far ~ If we get a little bit more volume it'd be awesome.
Comment:
Played out really well with good volume.
Looking to sell around 56-58
Looking to sell around 56-58
Comment:
sold at 55.36.
looking to enter in the low 50's
looking to enter in the low 50's