MU is very interesting to me at the moment, it's currently formed a flag and as you can see in the chart we have had a steady up trend across the board in both price, RSI and MACD.
You could argue MACD has already broken out of a triangle type formation to the upside even.
The risk-to-reward ratio is quite good, you can place a trade with a stop loss just under the flag and it gives you almost a 9:1 RR. With a more liberal stop loss, you are still
looking at an R:R of almost 3:1.
The main concern here is if the tech sector start lagging in general, this could easily lag with it. Which is why I am inclined to buy the breakout and not the flag formation.
Cheers
You could argue MACD has already broken out of a triangle type formation to the upside even.
The risk-to-reward ratio is quite good, you can place a trade with a stop loss just under the flag and it gives you almost a 9:1 RR. With a more liberal stop loss, you are still
looking at an R:R of almost 3:1.
The main concern here is if the tech sector start lagging in general, this could easily lag with it. Which is why I am inclined to buy the breakout and not the flag formation.
Cheers
Opinions on Chart's, not financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Opinions on Chart's, not financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.