Micron TechnologyPanjang
MU Bullish and Oversold
Telah dikemas kini
MU has been trading at or above its 100 day moving average since the very end of January.
Looking at RSI (2 period, 90% and 10% upper/lower bands) MU starting to touch the lower band.
On 2/11, RSI hit 23.88%. Stock moved up nicely the following days as RSI started to hit the upper band.
Although RSI is showing a lower oversold indication compared to the most previous two point around 23.88% and 21%ish, bulls may still be in charge and drive the stock price back up to continue the trend.
Long 40 MU @ $40.70.
Plan to exit somewhere around 42 in the next 4 to 7 trading days, give or take.
Cheers !
Looking at RSI (2 period, 90% and 10% upper/lower bands) MU starting to touch the lower band.
On 2/11, RSI hit 23.88%. Stock moved up nicely the following days as RSI started to hit the upper band.
Although RSI is showing a lower oversold indication compared to the most previous two point around 23.88% and 21%ish, bulls may still be in charge and drive the stock price back up to continue the trend.
Long 40 MU @ $40.70.
Plan to exit somewhere around 42 in the next 4 to 7 trading days, give or take.
Cheers !
Nota
Made an exit today.Sold 40 MU @ 41.10
Not much but I'll take it. Very happy to see a bounce after seeing an oversold indication using RSI.
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.