It appears there is a Bull flag occurring in MU. Weve seen an 82% rise since the lows caused by the market drop in April and our now seeing a slight retraction back into the 21 EMA. Price is currently at 118.6 with some support at the 114 level. Using a Stop Loss just below this support level should it break and using the first target of 150, just below all time highs yields a risk reward ratio of 1:4.5.
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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.