Get started
tradeholocron

Short MU with target of around $47 based on downtrend channel

Short
Micron Technology (NASDAQ:MU)  
tradeholocron  
NASDAQ:MU   Micron Technology
Trend Analysis Chart Patterns Technical Indicators
6
3
trendanalysis chartpattern indicator

I was looking to see MU stay above the $49.99 line but it broke and seems like it will still going down.

There is a downtrend channel so I went short. on 30, 1hr chart, Stochastic is still bearish.

There is a resistant line at $46.88 and I believe the stock will go down till this important line.

This is my first publish idea. Hopefully it could be useful and I appreciate comments. My trading style is mostly day and swing trade based on high probability.
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.