Is MU ready for all time highs?
https://www.tradingview.com/x/uZjxwJ7c/
MU is looking to break out into all time highs from its previous highs back in 2000.
MACD still looks strong but volume is my only concern. RSI still has room to grow but starting to reach overbought levels.
Put/Call Ratio for the coming week is .32 and .30 for the following week. This indicates money is expecting an increase in price.
If it breaks out look for the 1.382 Fib level for a possible target.
Keep your eye onMU as it will definitely be on my watchlist this coming week.
Market is closed tomorrow due to MLK day.
Leave your thoughts below in the comment section. Best of luck traders!
MU is looking to break out into all time highs from its previous highs back in 2000. MACD still looks strong but volume is my only concern. RSI still has room to grow but starting to reach overbought levels.
Put/Call Ratio for the coming week is .32 and .30 for the following week. This indicates money is expecting an increase in price.
If it breaks out look for the 1.382 Fib level for a possible target.
Keep your eye on
MU as it will definitely be on my watchlist this coming week. Market is closed tomorrow due to MLK day.
Leave your thoughts below in the comment section. Best of luck traders!
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