Trouble ahead for MU
Who says buy and hold doesn't work when this stock gives a 535% return for only 8 months?
Since Oct 2013, price of MU has catapulted upwards from 5.35 until recent top of 34
And since Jun, it has started its consolidation phase with MACD pointing downwards and price falled out of uptrend channel, retest and rejected yet again.
There is a resistance zone lying ahead if the uptrend continues, support zone will be tested again on the downside.
I am more bearish and set my short trigger at 31.6
Since Oct 2013, price of MU has catapulted upwards from 5.35 until recent top of 34
And since Jun, it has started its consolidation phase with MACD pointing downwards and price falled out of uptrend channel, retest and rejected yet again.
There is a resistance zone lying ahead if the uptrend continues, support zone will be tested again on the downside.
I am more bearish and set my short trigger at 31.6
註釋
註釋
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