MU - a high quality stock - bounced off nicely from previous high and EMA200 resistance zone.
Short term price projection is $60 (green box) where 61.8% Fib level from prev. ATH in confluent with 1.618% projection from previous pivots.
Short term price projection is $60 (green box) where 61.8% Fib level from prev. ATH in confluent with 1.618% projection from previous pivots.
Trade closed: target reached
Peak was formed nicely as expected around green boxed area.Note
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.
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.