The resistance to look at are $74 and $76 (mid BB/Fibonacci).
If the rally continue it would be possible for it to go to $78.5 - $80 (H4/Daily mid BB/Fibo)
MU just breakout from the bearish trend line and looking for more upside in H1.
Since NASDAQ and S&P 500 show sign of strength after rejecting the 50% Fibo level this lean to Bullish Trend.
Worst case if it fail to stay bullish, support to look at are at $68, $64 and $60 (Daily Fibo).
If the rally continue it would be possible for it to go to $78.5 - $80 (H4/Daily mid BB/Fibo)
MU just breakout from the bearish trend line and looking for more upside in H1.
Since NASDAQ and S&P 500 show sign of strength after rejecting the 50% Fibo level this lean to Bullish Trend.
Worst case if it fail to stay bullish, support to look at are at $68, $64 and $60 (Daily Fibo).
Trade closed: target reached:
Target Reached $76
Trade active:
Added some 69C April 29 before market closed.
Trade closed manually:
Closed 69C April 29 and take a loss 9% premium. Was aiming for a gap up but failed and it enter the downward channel wouldn't risk any position for a while for MU.