MU - a high quality stock - bounced off nicely from previous high and EMA200 resistance zone.
Short term price projection is $60 (green box) where 61.8% Fib level from prev. ATH in confluent with 1.618% projection from previous pivots.
Short term price projection is $60 (green box) where 61.8% Fib level from prev. ATH in confluent with 1.618% projection from previous pivots.
Trade closed: target reached:
Peak was formed nicely as expected around green boxed area.
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