$MU Bullish Flag ? if breakout off the upper channel, target $58
My first Idea, please be nice :)
Noticed that
MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume.
Convergent indicators:
1. Bounced off the 200 MA
2. MACD crossing
3. Bounced off the strong support at $39.10
Neutral indicators:
1. RSI very neutral
Divergent Indicator:
1. %R is high
With the same height of the flagpole, target price would be around $59.
Added:
ER is coming up.
AMD, 
AMAT, and 
NVDA all beat. What would MU do? And what would the price do? ;)
Chris
Noticed that
MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume.Convergent indicators:
1. Bounced off the 200 MA
2. MACD crossing
3. Bounced off the strong support at $39.10
Neutral indicators:
1. RSI very neutral
Divergent Indicator:
1. %R is high
With the same height of the flagpole, target price would be around $59.
Added:
ER is coming up.
AMD, AMAT, and NVDA all beat. What would MU do? And what would the price do? ;)Chris
Nota
Looks good so far ~ If we get a little bit more volume it'd be awesome.Nota
Played out really well with good volume.Looking to sell around 56-58
Nota
sold at 55.36.looking to enter in the low 50's
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.
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.