Madrid
Short

Top of the IV Wave and Accumulation Funnel. Price Correction Due

NASDAQ:MU   MICRON TECHNOLOGY INC
The run for Micron for this leg started at 10. It has been a great run and it has gone through the accumulation phases in the accumulation funnel. Each time a target is hit the price corrects. Considering the level the accumulation funnel has reached, it will make this stock look bearish . The target price is 48. Predicting the future is not an exact science in the stock market, but the trend is to test previous levels. Depending on how the market reacts the price could bounce back to 48 or 50 or it could as far as testing the previous peak at 33.
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