MU had a great week, retracing to 0.382 then back to 0.236 then back and forth again to then finish the week breaking out from the resistance found at the ~60$ area and stop at the 0.618 retracement level, also closing the gap down opened two weeks ago. For next week, Micron may find some resistance at the 61.80 to 61.90 area and come back to test the 61.60 to 61.40 area (or even the 60$) before doing the complete retracement towards 64$ (which I think it will happen this week).
In my previous post on MU last monday, I pointed that the third impulse wave could be about to start, which indeed this week's action seems to confirm.
In my previous post on MU last monday, I pointed that the third impulse wave could be about to start, which indeed this week's action seems to confirm.
Order cancelled:
Failed to manifest. Will reassess in coming days.