Micron Technology - The Chart Is Still Perfect!

Apr 16

Micron Technology (MU) will reverse right here:



Click chart above to see the detailed analysis👆🏻

If you actually want to explain technical analysis to somebody, just show them the chart of Micron Technology. Almost every structure makes perfect sense, with this stock respecting all major trendlines and horizontal levels and with the current support area, the bottom is now in.

Levels to watch: $70, $210

Keep your long term vision,
Philip (BasicTrading)

Apr 24

Trade active

Trading update on Micron Technology (MU):



Click chart above to see the detailed analysis👆🏻

Not even a week later, Micron Technology is pumping hard and already rejected the major support reversal area with a rally of about +25%. Still very likely that we will simply see more bullish price action, especially if we close with such a significant rejection wick.

Levels to watch: $70, $210

Keep your long term vision,
Philip (BasicTrading)

May 2

Trade closed: target reached

Micron Technology - MU - finally starts the move:

(click chart above to see the in depth analysis👆🏻)

So far Micron Technology already moved about +35% away from the previous confluence of support. Furthermore we also saw the bullish rejection wick, indicating strong buying behaviour, which eventually leads to a substantial move higher from here.

Levels to watch: $70, $210

Keep your long term vision!
Philip (BasicTrading)