Dec. 6 at 1:21 AM
Actionable Trade Alert for
$MU:
Market Context:
$MU is currently trading at
$226.65, positioned between its 60-day high of
$260.58 and low of
$147.61. The RSI at 45.24 indicates a neutral market sentiment, suggesting potential for upward movement as it approaches oversold conditions.
Directional Bias: The price is above the 50-day moving average (MA50) of 212.46, indicating a bullish trend. However, it is below the 30-day moving average (MA30) of 229.76, suggesting short-term resistance.
Trade Plan:
- Suggested Entry:
$226.65
- Stop Loss:
$210.00 (approx. 7.4% below entry)
- Take Profit Targets:
1.
$240.00 (6% gain)
2.
$250.00 (10.3% gain)
3.
$265.00 (17% gain)
With the ATR at 15.65, the volatility supports potential for reaching these targets. Monitor the market closely for any changes in sentiment.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
