MU - Bullish Ascending Triangle - Breakout to $63.25 Imminent

0. Notes to follow;

Comentário:

- Stock in consolidation below the $58.25 Level;
- Bullish Ascending Triangle Continuation Pattern ($5 Height);
- Move to $63.25 on Breakout;
- XLNX Earnings January 22nd, may be catalyst;
- Watch $58.25 Level carefully;

Comentário:

- Watch $58.25 Level for false breakout as well, but unlikely;
- Everyone waiting for anybody semi to report other than TSM, which was stellar;

Comentário:

$58.75 Probably better breakout point identified...

Comentário:

This still looking nice and on track folks. Looking to get out after XLNX earnings. Maybe $64.75...

Comentário:

We are walking this stock up, right to $58.85, watch us go...

Comentário:

Institutions in control right now, shorts cover...

Comentário:

$58.75, then $58.85, $59.... Blast off... ?

Comentário:

Should be hitting day traders breakout scanners right about now...??

Comentário:

I wouldn't know, as day trading is nuts, but we need to factor that in our models...

Trade ativo:

We are back. Just when you thought it was going to sell off. Yeah. You do not see what we see. Back to $59.

See you at $63.25. Virus or not...

Comentário:

This idea is stellar. Paying off nicely for us!

MU opening at $60.75