Micron's momentum has turned decisively negative on weekly and daily levels; a bottom may be forming just above 78.6, so bold traders may see a bounce in the next few days, but any bounce is very likely to fail since the cycle ends November 23. With everything against it, only aggressive traders should buy gradually, at about a quarter of usual volume.
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Micron has just and decisively shifted into negative momentum. It's still above the 78.6 level there. Here you can see that it is trying to form a bottom at that point. So, for bold traders, Micron may reach a bounce zone in the next few days where you can get a potential upswing .
But if you look at this cycle here, you will find that it ends on November 23. And if you look at this cycle here, then here is November 23rd exactly. So, what this shows you is that if there is a bounce here, it is very likely to fail.
But for traders, you might be looking for an opportunity here. This bottom here was at about 857 in microns. It might reach there or a little less. For those who wish to take a buying position here, well, there is probably an opportunity for gradual buying.
Now that you have negative momentum on the weekly and daily levels, and a cycle bottom is likely to form, I would say if you want to buy gradually here. For the purpose of trading, if you are an active trader and take appropriate risks, it is likely to be a quarter of your usual trading volume .
Because everything is against this, everything is against him . And you can see here that the momentum is turning negative again . The "Option Bay" indicator says "Be negative".
And I'm telling you that there is potential for gradual buying here for aggressive traders. For trading purposes. 120, that's 25% of your usual trading volume because of how much you're going against the general trend here.
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Steve Miller has 7 calls on this stock; only the adjacent ones are shown.