MICRON SEEMS TO BE A DOUBLE TOP BREAKOUT ON WEEKLY CHART...
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.
Comment:
AS MENTION DOUBLE TOP BREAKOUT, STOCK MADE 54.70 ALMOST.
Comment:
55.83 DONE TODAY
Trade closed: target reached:
final target given 58 it made 61.17 today so all done.