mikeffi
Long

MU DRAM shortage likely to pushj stock higher

NASDAQ:MU   MICRON TECHNOLOGY INC
106 3 0
Last session breakout through $32.45 from pause in up-trend. Bought call opportunity or OTM bull call spread
2use
2 years ago
Volume was quite low for such a runup don't you think? Especially as it tried to cross the resistance. its a third attempt and if it closes the day under it, i would say profit taking will be in place
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mikeffi 2use
2 years ago
sorry buddy..missed your comment and really appreciated. Not sure the volume is excessively low but i do see the issue in end of may /early june after which there was a vol increase. Profit taking at $34 with a re-test of original level which was tested an honored last session. Bull Put spread in place at 32/31 FYI expiry next week.
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2use mikeffi
2 years ago
yes, 32-31 is an important zone.
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