This stock has been gaining some territory on the last 5 days. At moment it broke out of the resistance line. The next resistance is approximately at 10.87 if breaks out of that resistance, I expect to go all the way up to 13.57. If the stock is not able to break the resistance lines, it will probably go down. 1 Day time frame the stock is overbought, so be...
MU has yielded its traders healthy profits over the last 6 months, though, as is typical in many stocks, MU has seen fast periods of rapid growth, followed by prolonged periods of rest. While I believe MU will continue to trend upward, I think we are about to see another period of consolidation.
For the last year MU has consolidated at every point of resistance,...
Obviously MU has had a volatile few weeks, however, 7.54 has provided significant long term resistance. As long as this holds I am not worried about it falling lower. With this said MU appears to be consolidation, and preparing for its next move. Looking at virtually every major WMA one will notice that not a single one has made a bearish crossover in the last...
MU has had great run over the last couple months and from elliott wave analysis it appears that MU is currently in its 5th wave. This raises the essential question of where are we in the 5th wave. I tried to answer this question by modifying the time horizon to assess the waves progress, and while only time will tell, it appears that the third wave of wave 5 is...
