MU has been headed towards its EMA 50 after a bearish reversal. I will look to buy the bounce on the EMA 50 or to enter bearish on a EMA 50 cross.
This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.
This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.
Comment:
Looks like I will have to wait a day or two to figure out what MU is going to do. It broke through the gap from 25JUN but is demonstrating a pretty bullish day today.