I am looking to buy Micron Technology and AES. Yesterday, I drew a chart for Micron Technology and recommended to buy at $10. However, I realized that the BEARISH OUTSIDE BAR might be quite powerful and prevent MU from rising. In fact, if MU dips below the low of Thursday’s candle, then traders would be shorting MU regardless of the fundamentals.
Hence, I will watch how MU trades. If it drops below $10, I am looking to buy at $9.7
AES is an electric utility company that has been on a decline due to the drop of natural gas’s price.
However, there is a bullish outside bar created last Thursday. This could be the first bullish rebound for Natural Gas.
AES is a short term bullish play. Now it is trading at $11.30. I will exit at $12.5
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