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MarthaStokesCMT-TechniTrader
23 nov 2019 00:56

MU Forms Symmetrical Triangle 

Micron Technology, Inc.NASDAQ

Beskrivning

A short-term triangle is underway for MU as it hits heavy resistance from previous monthly highs. The candlestick patterns are indecisive.

Kommentarer
C1V
I just see a Head and Shoulders formation :/
MarthaStokesCMT-TechniTrader
@C1V, A head and shoulders top is confirmed when the support at the neck breaks. Until it does, this is just a sideways trading range with higher lows developing, hence the triangle that is mentioned due to the higher lows on the right shoulder.

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C1V
@TechniTraderTraining, I see it now, thank you!
MarthaStokesCMT-TechniTrader
@C1V, You're welcome!
Mer