TradeIndicators
Long

MU - Perfect Setup For HUGE Bounce!

NASDAQ:MU   MICRON TECHNOLOGY INC
Hope this idea helps!
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MU is showing the perfect signs for a huge bounce within the next few days. If MU bounces off of our support line we are going long. The RSI is already overbought, our Master Bull/Bear - Uptrend/Downtrend Confirmation is due to turn green ( bullish ), and strong support has already been established.

Profitable Indicators Used in this Idea:
Master Bull/Bear - Uptrend/Downtrend Confirmation - Green and Red Background
Auto Support with Resistance Lines - Red and Purple Lines

Enjoy life, enjoy trading!
Travis

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Trade Indicators are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Your comment says RSI is overbought but it looks like oversold, to me. May be typo error? I agree with move. But I feel if 46 breaks we have 39 around the corner. I hope 50 holds.
Reply
@hellreturn, yes you are correct. Sorry about that. We meant oversold. Thank you for catching that!!
Reply
Agree 1000% on this. MU's value is far above what market is currently assigning. July calls at 50 and 55 are seriously discounted, look for those to provide serious profits. Strong support and testing strength of 50DMA can provide strong springboard to propel this back up where it belongs
Reply
What website do you use to trade stock? Does it support high leveraging like 1:100 ?
+1 Reply
@samiswilf, that's a good question. There are many different brokers, but we use TD Ameritrade (Think of Swim Platform). You can purchase options and also place margin bets.
+1 Reply
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