I'm long
MU
here, I like the low probability 3rd target range as a possibility here, but that is a long shot.
INTC
and
TSM
are also starting to base, and could rally back to the top of the recent range and maybe break out into a new monthly trend over time soon...
Generally speaking, T@M signals have a win rate between 55% and 65%, but in cases like this where a stock is hitting the same range repeatedly and then clearing sellers out and breaking out, you can expect signals to reach the 2nd or 3rd target range by the time the forecasted time elapses or sooner in a substantial amount of trade samples.
Stop loss area should be a bit below the weekly mode zone @ $59.90, so consider that for sizing criteria.
Best of luck!
Cheers,
Ivan Labrie.
MU
here, I like the low probability 3rd target range as a possibility here, but that is a long shot.
INTC
and
TSM
are also starting to base, and could rally back to the top of the recent range and maybe break out into a new monthly trend over time soon... Generally speaking, T@M signals have a win rate between 55% and 65%, but in cases like this where a stock is hitting the same range repeatedly and then clearing sellers out and breaking out, you can expect signals to reach the 2nd or 3rd target range by the time the forecasted time elapses or sooner in a substantial amount of trade samples.
Stop loss area should be a bit below the weekly mode zone @ $59.90, so consider that for sizing criteria.
Best of luck!
Cheers,
Ivan Labrie.