Sunday Prep 6/27 - $MU Earnings Play - Areas of Interest
From Sunday Prep Jun 27, 2021 prepared by TrueTrader pro RickyAnalog
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MU announces earnings on Wednesday, Jun 30, 2021. With that much week ahead of us before the numbers come out, things will depend on where we’re trading as we get closer to the earnings announcement.
But you can see my areas of interest.
Areas above price action represent levels where I may look to fade, and levels below price represent areas where I think we may be offered nice scoops. These ideas are only for quick day-trades, not swings.
Weekly chart shows just 1 more real area of interest, and that is the weekly 20sma currently at 86.44. So if we’re trading 3-5% below that level when the numbers come out, then that area may be a spot I would look to fade.
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MU announces earnings on Wednesday, Jun 30, 2021. With that much week ahead of us before the numbers come out, things will depend on where we’re trading as we get closer to the earnings announcement. But you can see my areas of interest.
Areas above price action represent levels where I may look to fade, and levels below price represent areas where I think we may be offered nice scoops. These ideas are only for quick day-trades, not swings.
Weekly chart shows just 1 more real area of interest, and that is the weekly 20sma currently at 86.44. So if we’re trading 3-5% below that level when the numbers come out, then that area may be a spot I would look to fade.
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