MU looking weak here on the chart. We had bearish volume on Friday which we should continue into this week.
I wouldnt leave this short active longer than a day or two; nor would I enter the trade unless we get an hourly close below
49.75. As it goes lower in price, I would expect us to find more buyers.
Targets:
Target 1: 49.00
Target 2: 48.25
Target 3: 47.00
Target 4(extreme): 46.25.
Best of Luck,
--d0x
I wouldnt leave this short active longer than a day or two; nor would I enter the trade unless we get an hourly close below
49.75. As it goes lower in price, I would expect us to find more buyers.
Targets:
Target 1: 49.00
Target 2: 48.25
Target 3: 47.00
Target 4(extreme): 46.25.
Best of Luck,
--d0x
Note
Watching to see if we can take this trade. Should be noted hourly, and two hour charts both look positive. They may invalidate the larger negative trend. So be it if that is the case.
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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.