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Traderherz-Analytics
Apr 27, 2021 10:14 AM

Trading Idea - Micron Technology Long

Micron Technology, Inc.NASDAQ

Description

BUY
ENTRY: 87.72 USD
TARGET: 95.51 USD (+9%)
STOP: 83.16 USD

1.) rejection at the uptrend support level. uptrend continuation.

2.) retest of the resistance level expected

3.) The profit margins achieved by the company are among the highest of any listed company. The company's business is extremely profitable.

4.) The company's financial situation is excellent, which gives it considerable investment capacity.

5.) Within the weekly observation period, an upward trend can be seen above the support zone at USD 64.19.

Trade closed: stop reached

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