Micron Technology (MU) has been trading within a 1-month Channel Down, breaking recently below its 4H MA100 (green trend-line) even. Since July 02 it has been under its 4H MA50 (blue trend-line), which keeps the short-term trend bearish.
Today the price almost tested that level, which happens to be almost at the top (Lower Highs trend-line) of that pattern. As long as it holds, expect Micron to seek its 4H MA200 (orange trend-line), which is a long-term Support, around $770.
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Today the price almost tested that level, which happens to be almost at the top (Lower Highs trend-line) of that pattern. As long as it holds, expect Micron to seek its 4H MA200 (orange trend-line), which is a long-term Support, around $770.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.