dobisa

dobisa Updated 

Maybe I'm crazy but I like the last bounce from the middle BB so much that I would expect another one around 4.4 That area looks like a good support to hold. That would also coincide with the RSI ascending trendline and RSI would remain in bullish territory above 50. If this doesn't happen I'll drop my bullish bias and expect the next stop downwards in the 3.9 - 4 area

dobisa Updated 

This looks like a breakout from the ascending triangle and a retest, a good setup for a long IMO

dobisa Updated 

More volume on this breakout would be more convincing but I still like this setup. The previous flag looked pretty good too.

dobisa Updated 

The previous ascending triangle didn't hold, what about this rounded bottom? The price is now squeezed between the neckline and the BB middle band. When breakout?

dobisa Updated 

Is this a valid channel? If it is, main target is the upper trendline. AVP was beaten up pretty well, -22% from the recent high A bounce is not unlikely here IMO

dobisa

I would try to search for an entry in this area keeping in mind those fakeouts (stop hunts) before the previous bounces.

dobisa Updated 

Just an idea

dobisa

MU is sitting on daily 200 EMA and BB middle band. Will they hold? I could imagine a bounce here

dobisa

I think there are reasons to believe that bullish times are coming Indicators looking good IMO - RSI trying to break above 58, which acted as a solid resistance in the past months - MACD line curving up, trying to enter positive territory - A/D line curving up which indicates underlying buying pressure

dobisa

I like where this is going Oscillators have already broken out

dobisa Updated 

Let"s see what happens

dobisa Updated 

Which support will hold?

dobisa Updated 

Look at those weekly spikes

dobisa Updated 

Without more volume coming in I would expect a scenario with a pullback first and a breakout after. That would also fill the gap.

dobisa Updated 

Is MU gonna bounce off the daily middle band to create a higher low? That would be a nice start.

dobisa Updated 

A triangle inside a bigger triangle? Just an idea

dobisa Updated 

We'll see if it breaks up

dobisa Updated 

Looks like a bear flag, I expect it to fall