MU Play the trend

Micron Technology, Inc.NASDAQ

Description

⋅ Jun 29, 2018 2:27 PM

Play the trend. Good money to be made on MU. Long term target is still in prospect but if it breaks 49, 46 is the next support.

Trade active

⋅ Jul 3, 2018 9:42 PM

Made the money from 51 to 54.50. Once the China drama is done, get ready for next round. Till then watch from sidelines.

Trend Analysis Chart Patterns

Comments

jstephe25

⋅ Jul 2, 2018 2:05 AM

I'm new to charting so this is just a question. Why would you expect a short term decrease since the last two bottoms are diverging?

jstephe25

⋅ Jul 2, 2018 2:08 AM

@jstephe25, That may not have made much sense. What i mean is, the Price is showing lower bottoms and the rsi is showing a lower oversold signal. I was under the impression that meant there was a good chance for a reversal

hellreturn

⋅ Jul 2, 2018 4:09 PM

@jstephe25, Indeed at 50 it would reverse but with trade wars around, shorties get upper hand and they might drive it down. Hence based on TA, next support is at 46 appx.

jstephe25

⋅ Jul 5, 2018 7:48 AM

@hellreturn, That makes sense. Thanks