Short MU with target of around $47 based on downtrend channel

6 apr 2018

I was looking to see MU stay above the $49.99 line but it broke and seems like it will still going down.

There is a downtrend channel so I went short. on 30, 1hr chart, Stochastic is still bearish.

There is a resistant line at $46.88 and I believe the stock will go down till this important line.

This is my first publish idea. Hopefully it could be useful and I appreciate comments. My trading style is mostly day and swing trade based on high probability.