kgiap123
Long

MU - Micron staging for triangle breakout

NASDAQ:MU   MICRON TECHNOLOGY INC
Micron has gone through few weeks of consolidation after good run in 2017.
Potential breakout from triangle with Reward over Risk > 2.
Currently, It's Oversold and showing growing volume indicating BULL is coming back.
Breakout also seen at Bollinger Band indicator..
Target is around $56.

Suggest partial buy at breakout.

Trade geschlossen: Ziel wurde erreicht: Target hit...
Looking like it's evolved into a double-base with BP @ $50.08 now, lack of volume on breakout from triangle pattern is a little concerning
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kgiap123 JohnBrewer
@JohnBrewer, agree... and right now a bit oversold with yesterday Doji candle.. Right time to take profit or at least take partially.
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JohnBrewer kgiap123
@kgiap123, agreed. take partial and treat the new BP as a re-entry. Got in using your triangle pattern and it worked nicely, cheers!
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So far so good!
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As of Feb 18th it looks like your call is good; tomorrow's move will make or break it, I think.
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kgiap123 germac
@germac, yeah... Looks like MU BULL had enough rest. it's already breakout from the triangle with higher volume. It's completed ABC . Bollinger band indicator also give a buy signal and Force Index has been +ve for few days. But I see there's few resistance on the way up..
I'll start accumulating.. and buy more when it formed higher high.
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