Micron Technology - The Textbook Chart!
Micron Technology (
MU) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For the past seven year, Micron Technology has been respecting a pretty clear rising channel pattern. With the recent all time high breakout, it is very likely that this level is now holding as support and we will eventually see a rejection and new all time highs.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
MU) is retesting massive support:Click chart above to see the detailed analysis👆🏻
For the past seven year, Micron Technology has been respecting a pretty clear rising channel pattern. With the recent all time high breakout, it is very likely that this level is now holding as support and we will eventually see a rejection and new all time highs.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Micron Technology (MU):
Click chart above to see the detailed analysis👆🏻
Boom, Micron Technology taking off and creating a monthly candle of +30% so far, exactly as mentioned in the analysis above. Quite likely that this strong momentum will continue and we will even see a retest of the top of the rising channel pattern. It is just simple technical analysis.
Levels to watch: $180
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Micron Technology (MU):
Click chart above to see the detailed analysis👆🏻
With yesterday's massive tech selloff, Micron Technology is now back at the major horizontal structure support. However it is still more likely, that we will see another bullish rejection away from here, perfectly following all of the previous cycles as well as the channel pattern.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision.
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Keep your long term vision.
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