MICRON SEEMS TO BE A DOUBLE TOP BREAKOUT ON WEEKLY CHART...
Updated
MICRON TECHNOLOGY,
AFTER A FALLING WEDGE BREAKOUT @ 42.20, IT ABLE TO HIT TOP TARGET PRICE TILL 49.89
AND IN TODAYS SESSION IT ABLE TO CROSS THE PREVIOUS TOP LEVEL 50 (CAN BE CONSIDER AS AN DOUBLE TOP BREAKOUT ALSO IF WE CONSIDER LAST SESSION TOP AS AN DOUBLE TOP.
SO AS OF NOW STOCK HAS GIVEN A BREAKOUT @ $50 AND IF IT SUSTAIN ABOVE LEVEL 49 ON CLOSING BASIS THEN IT CAN LOOK TO REACH THE UPPER ZONE TILL 57-58 IN COMING DAYS...
ABOVE STUDY IS AS PER WEEKLY CHART.
AFTER A FALLING WEDGE BREAKOUT @ 42.20, IT ABLE TO HIT TOP TARGET PRICE TILL 49.89
AND IN TODAYS SESSION IT ABLE TO CROSS THE PREVIOUS TOP LEVEL 50 (CAN BE CONSIDER AS AN DOUBLE TOP BREAKOUT ALSO IF WE CONSIDER LAST SESSION TOP AS AN DOUBLE TOP.
SO AS OF NOW STOCK HAS GIVEN A BREAKOUT @ $50 AND IF IT SUSTAIN ABOVE LEVEL 49 ON CLOSING BASIS THEN IT CAN LOOK TO REACH THE UPPER ZONE TILL 57-58 IN COMING DAYS...
ABOVE STUDY IS AS PER WEEKLY CHART.
Note
AS MENTION DOUBLE TOP BREAKOUT, STOCK MADE 54.70 ALMOST.Note
55.83 DONE TODAYTrade closed: target reached
final target given 58 it made 61.17 today so all done.
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