Micron Technology
Panjang

MU Update: Ready to Test New Highs?

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Continuing from my last two ideas on MU , the double-bottom formation still has potential. There's an unclosed gap around $123 that should be closed, and I see similarities between the earnings surge back in March and the current one in September. If this plays out, my price target is $137.13, with a possible test of the all-time high at $157.

My Trade Plan: I'll be looking for a retest of the 150-day MA for support before entering, aiming for ~20% profit. However, it's crucial to monitor the volume closely.

What are your thoughts? Are you bullish or bearish on MU, and where do you see it heading next?

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