Trouble ahead for MU
Who says buy and hold doesn't work when this stock gives a 535% return for only 8 months?
Since Oct 2013, price of MU has catapulted upwards from 5.35 until recent top of 34
And since Jun, it has started its consolidation phase with MACD pointing downwards and price falled out of uptrend channel, retest and rejected yet again.
There is a resistance zone lying ahead if the uptrend continues, support zone will be tested again on the downside.
I am more bearish and set my short trigger at 31.6
Since Oct 2013, price of MU has catapulted upwards from 5.35 until recent top of 34
And since Jun, it has started its consolidation phase with MACD pointing downwards and price falled out of uptrend channel, retest and rejected yet again.
There is a resistance zone lying ahead if the uptrend continues, support zone will be tested again on the downside.
I am more bearish and set my short trigger at 31.6
Note
Note
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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.
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.