Looking at MU, if I owned it I would hold it. It looks to be at a good spot to get a bounce. RIS and %R very oversold. Some buying volume coming in. Notice the blue boxes on the left? Thats the last time it got this oversold. It did work its way higher. Notice the blue arrow? That may be where you are Today. So, this may go sideways a bit before moving higher....
I like the extended base that formed here, before confirming a weekly uptrend signal, according to 'Time at Mode'. For those not familiar with the technique, it allows you to read the order flow, track the accumulation and distribution, as well as understand and time the trends present on chart, to get optimal trade entries in any market. If you combine this...
Acc/Dis line indicates significant accumulation at these prices
I like $SWKS here. I will open some call options at these levels.
Description is inside the chart. 1. H & S short term in....broader H & S possibly forming 2. 1 Qtr.Earnings fell short on DRAM demand slowdown if you have any question just DM through my twitter (enclosed) or Stocks #GLTA
BPS 25/24: May Wk 5 $0.07 limit. May be a little early anticipating bounce of good support at 25.67. A bit of a support/pivot zone from 24.65 to 25.67
Buy low sell high. Nice gap, nice candle, nice volume.
If MU gaps up, it is a perfect gap n go. If it gaps down, it will be a retest gap. To learn to trade these strategies for free, go to www.RealLifeTrading.com
Possible change in trend since support has been reached, with a potential breakout once resistance is reached followed by a steady bullish trend.
After a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time. Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push...
For now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this...