MU through resistance - long target 62 - caution divergence!
Micron Tech MU ahs moved up through resistance at 48 and to the fib. retrace point at 51-51.75
It maybe going through this level and then upwards towards 62
IF it retracts now, a 1. divergence will have been formed and next bottom will be crucial.
If it falls below RSI 40 I am out again
If it fails to push through the fib. retrace point, I am out - and will only go back in after the next bottom has developed (and depending on the level and the RSI of that bottom)
It maybe going through this level and then upwards towards 62
IF it retracts now, a 1. divergence will have been formed and next bottom will be crucial.
If it falls below RSI 40 I am out again
If it fails to push through the fib. retrace point, I am out - and will only go back in after the next bottom has developed (and depending on the level and the RSI of that bottom)