August 2022 highs/ December 2022 lows is the range mentioned in the title.
It just broke out, volume bars legitimating it.
Best entry would be 65.50's (Anchored VWAP) stop below 64.40's (needs to close under).
Red Fibonacci extensions are targets ideas: 1.272 - 69.61 $ & 1.618 - 76.79 $
Potential double bottom on weekly.
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CHINA FINDS CYBERSECURTY ISSUES WITH PRODUCTS IN CHINA CHINA ASKS KEY INFO INFRASTRUCTURE OPERATORS NOT TO BUY PRODUCTS
Bad news over the weekend. Watching if it can hold the breakout level, actually this news will be a test quicker than expected which is still good... Not interested in NASDAQ:MU if they hold it more than 3 sessions below 64.44$.
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JUST IN: "US OFFICIAL: THE US IS WORKING DIRECTLY WITH CHINA ON MICRON."
Despite the bad news, NASDAQ:MU no dramatic drop and actually managed to close above weekly pivot at 66.19$.
Technical breakout still intact. Early this week we had some shakeouts.
Anchored VWAP got reclaimed again. Heading into Weekly R1 at 70.54$.
Should see 74/75$ by next week.
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Target hit earlier than expected 74.58$ (had 74/75 by next week) congratulations.
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Nice dip today. Quite oversold.
Looks like a backtest of the breakout level. This is the decision time.
I'm taking my chance and got back in some 21th July exp starters (70c @1.53).
Will see how it plays out coming days.
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Those contracts hit 2+ on friday (+40%), I naturally took some profit and got few free. Moved my stop to +15% on the remaining. Overall market has heating up a lot, I would be cautious long side.
From mod @zAngus