MU - Back To Trend
MU is in an uptrend
rising channel was vroken down and correction has begun
after about 50 fib level price found support at 40$ area
tish week the company posted better then expected earnings resulting in 4% move higher
price closed the gap and now starting to turn back up
nothe that MACD is turning up as well
price action is very bullish and i can see price closing gaps above current levels and attacking recent highs
use small channel as trend indicator
rising channel was vroken down and correction has begun
after about 50 fib level price found support at 40$ area
tish week the company posted better then expected earnings resulting in 4% move higher
price closed the gap and now starting to turn back up
nothe that MACD is turning up as well
price action is very bullish and i can see price closing gaps above current levels and attacking recent highs
use small channel as trend indicator
Note
stiil going longstop down to 41.49
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.