MU: Just Broke $1T MCap and It’s Not Slowing Down
$Micron Technology(MU)$ Just Broke $1T MCap and It’s Not Slowing Down 😨
$Micron Technology(MU)$ gapped up almost 100 pts over the long weekend, opening up near 820, above previous ATHs. The next 70 pts came quickly, with
$Micron Technology(MU)$ easily breaking through 880 and well past 900. Now, less than 100 pts stand between
$Micron Technology(MU)$ and 1000, huge psychological magnet
$Micron Technology(MU)$ will need to hold 900 to see the next leg higher, and a close above there today will likely result in another gap up as buyers fuel momentum towards 1000.
The Trade Plan
$Micron Technology(MU)$ over 921
Day Trade: MU 5/29 1000C
Swing Trade: MU 6/18 1300C
The next leg of the melt up has begun. Don’t get caught shorting the strongest name in the market: it’s moved over 800% YTD, what’s another 200%?
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