currently short $MU based on technicals, it has tried to break about the $14.70's range three times now so I have been watching it and got a small bounce to grab $14.47's Watching for a break to support 13.90-14.00 This stock has been following the mkt pattern, I suspect a pullback in the mkt the next couple of days so I think that we will test support in the high 13's
$cde has been going strong along with gold, I tried to short it recently but it was still going strong. I suspect that gold will pull back soon and there has to be some profit taking in the near future. It has had difficulty breaking the $16.00 level so my trade plan is below $16.00 and above 15.50's . RSI is currently in the 70's and MACD is curling to bearish side.
Posted Aug 08, 16 9:30 PMbyTravisGoodson
Categories
Short Selling
MU looks like a good buy if it breaks resistance... has about $2 a share to run! The $15B market cap on MU assures me that this is a safe trade to be short. The stock won't move against you fast enough to hurt and you'll be able to cut losses if you have to.
Exactly it's a slow moving "safe" technical short. Based on charting technicals I am looking for a pullback by Wednesday around $14. Cde needs red mkt and red gold futures so for now it's only an idea but look at the chart it's basically gone straight up and is due for a pullback.
Closed my position permkt 14.60, company dropped a pr about new product release for smartphones. Downward reversal will be halted for now. Put in a alert for $15 to re-short
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