- Company: Micron Technologies
- Stock Ticker: MU
- Bias: Bullish
We’ve established a solid double bottom in the last 6 weeks on MU and the case for some bullishness is certainly there. With the agreed pause on the tariffs between China and the US, I think there’s a good chance we will see technologies stocks gain the most in the coming days.
I would like to see a break above $39.15, in which you could then place a limit order at that price and wait to get filled on the retest. I would place my stop at around $35.80 and I would target the 100 day simple moving average at $45.48
Of course depending on how the markets open and how big of a gap we will see with the trade news, its possible that this trade will not even trigger.