$MU Bullish Flag ? if breakout off the upper channel, target $58

15 thg 2, 2018

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

16 thg 2, 2018

Ghi chú

Looks good so far ~ If we get a little bit more volume it'd be awesome.

8 thg 3, 2018

Ghi chú

Played out really well with good volume.

Looking to sell around 56-58

9 thg 3, 2018

Ghi chú

sold at 55.36.

looking to enter in the low 50's