Noticed that MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume.
Convergent indicators: 1. Bounced off the 200 MA 2. MACD crossing 3. Bounced off the strong support at $39.10
Neutral indicators: 1. RSI very neutral
Divergent Indicator: 1. %R is high
With the same height of the flagpole, target price would be around $59.
Added: ER is coming up. AMD, AMAT, and NVDA all beat. What would MU do? And what would the price do? ;)
Chris
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Looks good so far ~ If we get a little bit more volume it'd be awesome.