MU has hit some sort of brick wall. The most probable path appears to be a climb up the new found support line (orange). Multiple confirmations of this path, rather than say a big drop, the most significant of which is the divergent volume. You can see the areas of the chart which may be fractaled from pattern matching the RSI and MACD movements. I expect the...
Entry level $48.80 = Target price $53.00 = Stop loss $47.80
Optimism has had a major boost in recent weeks within the tech sector, what was once global recession talk is now turning to global recovery as stimulus packages worldwide have started to kick in.
China trade talks remain a massive hurdle but the signing of a part deal could open the door to a tech rally...
Size of the rising wedge stops just about where the next support line rests.
Needs to break through a crossroads at 46.70
Aiming at 42-44 within next 2 weeks
Extreme bearish pattern on YTD view showing possible head & shoulders pattern targeting area between 36.36 and 34.34 which also the previous big gap on 26th June . This bearish pattern will be confirmed after drop below 44 then it will break the neck trend which will lead to fast drop . stoploss for this idea is to close above 49
MU is in a Trading Range pattern at a new high, and is moving with some High Frequency Trader activity to the downside recently. This stock is heavily traded by Retail Traders.
Target achieved from my bullish idea at 44 and now reached more than 10% up .. expected to back test 46 and confirm support.. if failed then 44.4 will close gap and can be strong support for coming long time ..
