MU looking weak here on the chart. We had bearish volume on Friday which we should continue into this week.
I wouldnt leave this short active longer than a day or two; nor would I enter the trade unless we get an hourly close below
49.75. As it goes lower in price, I would expect us to find more buyers.
Targets:
Target 1: 49.00
Target 2: 48.25
Target 3: 47.00
Target 4(extreme): 46.25.
Best of Luck,
--d0x
I wouldnt leave this short active longer than a day or two; nor would I enter the trade unless we get an hourly close below
49.75. As it goes lower in price, I would expect us to find more buyers.
Targets:
Target 1: 49.00
Target 2: 48.25
Target 3: 47.00
Target 4(extreme): 46.25.
Best of Luck,
--d0x
Should be noted hourly, and two hour charts both look positive. They may invalidate the larger negative trend. So be it if that is the case.