TravelingTrader412

MU at a critical point

Long
NASDAQ:MU   Micron Technology
MU is at that point where it needs to make a move either significantly upwards or down. Selfishly
I want this to be up and I think earnings will settle the long term investor down with the recent price deflation of the memory chip segment which I personally think is a bit early. Seeking alpha posted a great article detailing ZERO EVIDENCE that these memory chips will fall in margin anytime soon. I agree.

I want to see MU break the $85 mark WITH VOLUME as confirmation and push up towards a retest of $96.96. I think if this happens it will actually break this resistance and push towards $105-$115.

If it can’t break $85 I would exit the position if you are long as a bearish downtrend might be eminent.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.