MU setting up for big move? What do you think?MU inside a triangle. other trends apparent... this is rookies eye... volume steady.... looks to be keeping flat.... move will tell direction.... all this from a rookies perspective
Mircon
MU Re-moonCurrently fairly bullish on MU. Currently at previous consolidation level
My assumptions are based on:
-FUD on price fixing and effects of trade-war has already been priced in
-Fairly oversold stoch RSI
-Consistent demand of flash memory products
-Good volume and bullish response at this price level
-High volume sell-off absorbed well over past 2 days (sept 12/13)
I'm playing this as a longer term position and currently not interested in using call options due to risk of getting kicked in the ass by theta decay.
Expecting consolidation at this price level before (hopefully) moving up
