tradeholocron

Short MU with target of around $47 based on downtrend channel

Kort
NASDAQ:MU   Micron Technology

I was looking to see MU stay above the $49.99 line but it broke and seems like it will still going down.

There is a downtrend channel so I went short. on 30, 1hr chart, Stochastic is still bearish.

There is a resistant line at $46.88 and I believe the stock will go down till this important line.

This is my first publish idea. Hopefully it could be useful and I appreciate comments. My trading style is mostly day and swing trade based on high probability.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.