MU - Perfect Setup For HUGE Bounce!

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!

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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.
@hellreturn, yes you are correct. Sorry about that. We meant oversold. Thank you for catching that!!
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
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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