MU - CURRENT PRICE : 118.89
The share price rises almost 111% from the bottom of 07 April 2025 to the high of 26 June 2025. Then the stock starts to pullback. It retraces at Fibonacci golden ratio of 38.2%. Last Friday the stock rises and closed as a bullish LONG WHITE CANDLE with high volume - indicating strong buying interest from investors/traders.
This bullish scenario is also supported by some other indicators such as :
1) Price above 50-days EMA
2) Price closes above ICHIMOKU CLOUD (KUMO)
3) RSI reading at 58.95 (above 50 considered bullish)
4) Price is trading near 52-week high level
With all the evidence mentioned above, now may considered as a buying opportunity. 1st target should be one- or two-dollar below the actual 52-week high resistance level.
ENTRY PRICE : 115 - 119
TARGET : 128 and 135
SUPPORT : 108
The share price rises almost 111% from the bottom of 07 April 2025 to the high of 26 June 2025. Then the stock starts to pullback. It retraces at Fibonacci golden ratio of 38.2%. Last Friday the stock rises and closed as a bullish LONG WHITE CANDLE with high volume - indicating strong buying interest from investors/traders.
This bullish scenario is also supported by some other indicators such as :
1) Price above 50-days EMA
2) Price closes above ICHIMOKU CLOUD (KUMO)
3) RSI reading at 58.95 (above 50 considered bullish)
4) Price is trading near 52-week high level
With all the evidence mentioned above, now may considered as a buying opportunity. 1st target should be one- or two-dollar below the actual 52-week high resistance level.
ENTRY PRICE : 115 - 119
TARGET : 128 and 135
SUPPORT : 108
Trade active
Hit 1st target at 128 on 12 August 2025.
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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.