Micron Technology - This Stock Will Double Soon!
Updated
Micron Technology (
MU) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
After we saw a test of the resistance trendline on Micron Technology a couple of months ago, it was quite likely that we will eventually retest the previous all time high. This structure is now acting as massive support and together with the rising trendline, we will see a bullish rejection.
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👆🏻
After we saw a test of the resistance trendline on Micron Technology a couple of months ago, it was quite likely that we will eventually retest the previous all time high. This structure is now acting as massive support and together with the rising trendline, we will see a bullish rejection.
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👆🏻
Although we did not see another retest of the previous all time high recently, we must not forget that Micron Technology could already start its rally from here. It is a perfectly valid bullish break and retest and even market structure and cycles are all pointing to a significant move higher soon.
Levels to watch: $90, $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👆🏻
Just a couple days later and Micron Technology already rallied more than +10%, perfectly starting to reject the major horizontal structure once again. This is still just the beginning of the next major impulse leg towards the upside, which eventually will retest the upper resistance trendline of the channel pattern.
Levels to watch: $180
Keep your long term vision,
Philip (BasicTrading)
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