Bullish setup

BATS:MU   Micron Technology, Inc.
Obviously MU has had a volatile few weeks, however, 7.54 has provided significant long term resistance. As long as this holds I am not worried about it falling lower. With this said MU appears to be consolidation, and preparing for its next move. Looking at virtually every major WMA one will notice that not a single one has made a bearish crossover in the last few weeks, additionally, should MU continue to trend upward we may see up to three bullish crossovers. These indicators aside it appears that we have come to the end of wave 5, and now the question remains. Will the next sequence contain bullish movements or bearish? Given the other positive signs, and assuming 7.54 holds I think we will see significant growth over the next few months.

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