timmyarens

Is MU ready for all time highs?

Long
NASDAQ:MU   Micron Technology

$MU is looking to break out into all time highs from its previous highs back in 2000.

MACD still looks strong but volume is my only concern. RSI still has room to grow but starting to reach overbought levels.

Put/Call Ratio for the coming week is .32 and .30 for the following week. This indicates money is expecting an increase in price.

If it breaks out look for the 1.382 Fib level for a possible target.

Keep your eye on $MU as it will definitely be on my watchlist this coming week.

Market is closed tomorrow due to MLK day.

Leave your thoughts below in the comment section. Best of luck traders!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.