Micron Technology Stock Code MU.NAS
Outlook
Price made a Double Top at $51.30 two days ago and has started to decline. Ichimoku is warning of a price reversal. A move below $49 would confirm the breakdown and the end of the uptrend and the start of a correction. Price is now below the Conversion line. We think price may have made a temporary high and could be heading to the cloud support at $44.00. MACD has given a bearish divergence warning, hinting of a price high and further price decline.
Strategy
$49.16 Short Sell
$44.20 Price Target
$51.35 Risk Management Stop
3 weeks Trade Duration
AT & T Stock Code T.NYS
Outlook
Price has been on an uptrend since early Mar 2019 when it broke above the cloud. Price reached a high of $38.75 on the 11 Sep and corrected to a low of $36.49. We had a Doji at the low of $36.49 and a strong bigger candlestick on the breakout of the consolidation pattern. During the correction, price had managed to stay above a gap created on 9th Sep. If price does not close the gap, price is likely to move higher to $41.30 based on the Midway gap price forecasting method. MACD is bullish.
Strategy
$37.80 Buy
$41.30 Price Target
$36.30 Risk Management Stop
3 weeks Trade Duration
