MU Bullish and Oversold
Aggiornato
MU has been trading at or above its 100 day moving average since the very end of January.
Looking at RSI (2 period, 90% and 10% upper/lower bands) MU starting to touch the lower band.
On 2/11, RSI hit 23.88%. Stock moved up nicely the following days as RSI started to hit the upper band.
Although RSI is showing a lower oversold indication compared to the most previous two point around 23.88% and 21%ish, bulls may still be in charge and drive the stock price back up to continue the trend.
Long 40 MU @ $40.70.
Plan to exit somewhere around 42 in the next 4 to 7 trading days, give or take.
Cheers !
Looking at RSI (2 period, 90% and 10% upper/lower bands) MU starting to touch the lower band.
On 2/11, RSI hit 23.88%. Stock moved up nicely the following days as RSI started to hit the upper band.
Although RSI is showing a lower oversold indication compared to the most previous two point around 23.88% and 21%ish, bulls may still be in charge and drive the stock price back up to continue the trend.
Long 40 MU @ $40.70.
Plan to exit somewhere around 42 in the next 4 to 7 trading days, give or take.
Cheers !
Commento
Made an exit today.Sold 40 MU @ 41.10
Not much but I'll take it. Very happy to see a bounce after seeing an oversold indication using RSI.
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