Hubert Senters here.
I got a question from a viewer today. ‘’Where do you think Micron is going next?’’ Well, let’s take a look at that. So symbol I am going to be looking at is MU.
And I obviously — as you can see it’s one of the biggest net gainers on the Nasdaq and the Nasdaq is going up. It’s actually fired off along and the ADX right here is above the $20 threshold line which is a good thing.
But for sure is going to be hard to figure out where it’s going because there’s not a real good place for me to go one, two, three on Fibonacci. Let me see if I can go a little bit longer timeframe. See if I can find something that will give something to work without there.
So we can do it like this right here. We can go from a point one, a point two, and then a point three, there, that will work for us. So we should have a little bit of resistance here at $60.50 which we did and then it sold off a little bit after it hit that. Next target for MU would be $69.28 and $74.71.
Good luck. Hope it helps and I’ll see you on the next video.