Points of Interest
MU Long Signal 5/21/2023 @ $68.17 (or Monday 5/22/23 opening price)
Shortfall hinting at breakout direction
WRB 1st week of 2023 igniting volatility/trend confirming the rectangle pattern
Rectangle pattern appears to be a bottoming/basing formation, along with the market
Current WRB is breaking out with 2 daily closes above the resistance line...
Fundamental:
Semi-conductors are the backbone of web 3.
Technical:
MU has been in a trading range for almost 2 years.
Q2 had a failure swing on the weekly chart, is this an indication of the breakout direction?
$66 is the key level
EUR/USD is still trending upwards from the October low, so we are still intermediate term bullish.
This bearish englufing pattern is the 3rd touch of this monthly trendline as resistance since 2/2/23. These 3 touches also create a horizontal resistance level.
The 6 month long uptrend is still intact and is trading in the bottom half of the uptrend channel.
This...
