Has been trading in a range (possible Bull flag ) Since breaking out of a massive cup and handle that you Can see on the monthly. In the Aftermarket MU closed right at the top of this range. Any breakout over 88$ and MU could be headed for new ATH. A rejection here and were headed back to 80$ range bottom.
Long entry - Over 88.50
Target - ATH
Stop loss 87$
Short entry - 86$
Stop loss - 88$
Target - 80$
Long entry - Over 88.50
Target - ATH
Stop loss 87$
Short entry - 86$
Stop loss - 88$
Target - 80$
Note
If you take the high from April 12th which is 96.96 and the low from Oct 12 th which is 65.67. you come up with a fibonacci resistance level of 90.26 or .786It ran up this morning and got rejected at that level.. I don't think it will break through.. close if your long
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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.