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WilliamL
Apr 26, 2017 12:16 AM

long Long

Micron Technology, Inc.NASDAQ

Description

I like micron technology here and this is why:
Stock bounced at a very strong support line.
The candle created a nice hammer which is very bullish.
The stock also bounced at the 50 MA so that brings more strength to the bouce.
Also, what i like is simply the change of control between the bears and the bulls. Yesterday, the stock went down a lot and that was a very strong move on the bearish side, bears had the control and the power at the end of the day but today it gap up a little bit above the prior close , so the bears start to freak out a little bit but then the bears were able to push down the stock for a little move but it did not last for long and the bulls took the control and finished the day with power so this is why im going long tomorow.
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