TRADING TIPS

MU Next Targets

Hubert Senters here. Let’s take a look at MU, Micron dropping like a stone. It has had two really bad sell off days here in a row so. It tried to rally up to the bottom of the cloud. I call it the belly of the cloud. Couldn’t get there. Rolled back below. It is close below the turning line and the standard line then gap down today and took out its most recent support area. That is a bad sign folks. It’s not going to hold that support area and next place it’s going to go is going to drop to $40. Right now, it’s trading at $44.65. And then if it does not hold $40 then after that we’ve got some other support down there at $30. Now, I’m not saying it can go from $44 down to $30 in two days. I’m not saying that. It’s going to take a while to work down there and it’s going to take a while to work down to $40 but it looks like it is headed in that direction. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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