CFD Trading – Sell Micron Tech Inc. (MU.NAS) @ $57.70. Stop @ $61.10 and Target @ $51.90.

Micron Technology Inc. Stock Code MU.NAS


Price broke below the cloud in the previous trading session, hinting at a resumption of the downtrend. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD has turned bearish and is hinting at a bearish price trend with both lines below the zero line. We think price is likely to move lower to the previous low at $51.86 in the next 2-3 weeks.


$57.70                Sell

$51.90                Price Target

$61.10                Risk Management Stop

3 weeks              Trade Duration

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