DerekD_

$MU - Updated

Long
NASDAQ:MU   Micron Technology
Ima ACTUALLY have to change sides with this one. Typically, fundamentals + news + emotional trading, etc., doesn't blur the scope of a trade for me, but it did with this one. Ultimately, went over the semi-conductor sector as a whole & I'm bullish on a good 75% of the charts, $MU as well (wild how jumping in on a trade can blind your un-bias perspective). So lemme get on my bullshit & fix the mistake before I look like a spud. Typical flat bed dip (using my MA strategy). Occurs in a strong up-trend, white 55 (low) MA being ABOVE 180 WMA, while price tends to consolidate right above/below 180 WMA. Essentially, 20 EMA crosses below 45 EMA (while 45 EMA remains above all else). Since price is (currently) using low 55 MA as resistance ($53.66), I'd be a little skeptical to buy - only because with this type of setup where 180WMA rides the price' ass, I just have this conspiracy theory where algo's intention is to drive 55 (low) MA below the 180WMA therefore causing much more volatile swings (Dirty flirty setup, lol). <- With this though, BIG upside potential. I'll be sure to update if anything changes. Regardless, 223% fib A1 long target ($63.71). $50.69 is line in the sand, where $49.75 or so would be the dip to buy if all else remains the same.

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