$MU | WEEKLY WATCHLIST 10/25
Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock.
We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand zone between $62-65, this will be my most ideal buy zone.
At $62-65, I will start averaging into a long term bullish position on MU. I believe with time and patience, this one will pay off big time and inevitably see $100+. Much like it's counterpart
AMD did.
We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand zone between $62-65, this will be my most ideal buy zone.
At $62-65, I will start averaging into a long term bullish position on MU. I believe with time and patience, this one will pay off big time and inevitably see $100+. Much like it's counterpart
AMD did.
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