Micron Technology ran up today after a false breakout at $10.39.
I bought $MU at that false breakout, and I added more to it at $10.31. I have closed my $10.39 trade, keeping my $10.31 trade long.
I have said before that if MU went below $10.18, then it is in a bearish trend. However, MU decided to hold strongly above $10.27. This shows that they are not going to let that bearish play work out. This means that the BULLISH mode is in play.
This is an update of the CHART posted previously.
I will monitor this stock again. My target is at $12.75.
The good thing is that this rally is supported by SaNDisK as well.
I tweeted about MU breakout. Whenever, I tweet, it means that I have placed a trade. Follow my tweets if you want to follow my trade.
Some of you have asked me about the blog’s future. It is going to be FREE ACCESS indefinitely. I am not seeking payment for my stock picks. This blog is meant to record my trading ideas for my own reference. I have made much more money ever since I have written this blog. It forces me to think carefully about my trade ideas before I actually post it online, this is due to the pressure of having others review my trades. Furthermore, I have been receiving comments and emails about my trades which helps me reconsider my trades. I know other blogs have resorted to charging monthly access for their contents. I am providing this for free. You can help by sharing my blog with your friends. Have fun trading.
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