MU near-term technicals are bullish; holding above 13550 trend line supports push toward 1154 gap fill.
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As we also know, MU just reported after hours and so far it's somewhat of a nothing burger. They have a conference call coming. We're going to cover that chart here in a little bit.
As we know, as I touched on, we've got Micron that reported after hours. That is a big stock in the stock market and one that has been extremely bullish this year. So, a lot of investors were wanting to at least potentially trim, make sure that they stay on the right side of the trade in case Micron does report and investors pull the rug.
So far, from what I've seen was before I started the show, that hasn't happened, but that still could be a situation.
Uh next up guys we have to cover this the big earnings after the bell. So far, somewhat of uh, you know, a muted story, but you look on the 10-minute chart, we did have a significant decline down here down to $1,040.
We do have that earnings call live right now, so we could have some more volatility while we're looking at it, but most importantly, the earnings call is trying to at least uh maintain the gains that they do have on the chart, pushing up now roughly about $20.
Now, the main thing about MU most recently, it's gotten above this pivot high from July 9th, and it's done so, and you can see that the other attempts were rejected. This time, we've gotten above and has since consolidated on top, and this trend line has turned into support.
So, that's the key line in the sand for me on MU in the near term, 13550.
And on to the upside, we have this clear as day gap fill at 1154. Be mindful of both ends of those barriers. tomorrow's price action if we start and open above this trend line here at 1,035 I think that's bullish for the near term and we could be uh pushing up towards that gap fill
What this channel has said about $MU
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