MU descending channel breakout

10 พ.ย. 2021

Breakout of a descending channel. Technical analysis would indicate the potential of a breakout the height of the introductory move of the channel (see below). Resistance levels to watch (see eyes) are going to be the areas that the channel has rejected breakout in the past: 75 (which we may be done with now), 82, and 85. I would also watch the 78-79 level when it hits the anchored VWAP from this channel it just escaped.