MU has broke through support Short

Micron Technology, Inc.NASDAQ

Description

⋅ Aug 1, 2017 4:49 PM

the stock is now breaking through key technical support and will probably increase selling pressure
Yesterday, MU stock broke through its 100-day moving average for the first time since January 2015.
The stock has a newly formed pattern of lower highs and lower lows (triple top that has broken through the neckline)

Chart Patterns

Comments

toner

⋅ Aug 4, 2017 5:34 AM

what if a bounce will starts to squeeze all shorted stock (55 millions right now)?

jadotscott

⋅ Aug 4, 2017 3:43 PM

@toner, Always a possibility. I moved my stop down to 29 with a target of support at 26.50. It's a matter of losing small and letting your wins run.