NitinBhinge

MICRON SEEMS TO BE A DOUBLE TOP BREAKOUT ON WEEKLY CHART...

Long
NASDAQ:MU   Micron Technology, Inc
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.
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.

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