Ever since we last traded Micron Technology, I had always been bearish on this counter. In fact during my first discovery on this counter, we had been shorting it non stop due to it's bearish profit taking and distribution. The only thing we did not do was to hold the shorts till now or most of us would be rich. Click below to see my first 2 LIVE Trading short selling Micron with the US trading team.
http://ronaldkstockmarket.blogspot.com/2018/06/iqiyi-micro-tech-profits-from-my-stocks.html
http://ronaldkstockmarket.blogspot.com/2018/06/live-dinner-session-with-ronald-k.html
Today Micro tanked more and lost more value with the price declining everyday. The buyers were pretty weak every time it rebounded and the sellers were consistent in their selling with big volume throw down. In the daily chart, there were horizontal lines drew as the resistance zone while in the minute chart, there were many gaps with profit taking at the moment. The earnings will be released this coming Thursday on September 20th which as of now, I could not predict if it's good or bad. However, I will be watching this counter from Tuesday and Wednesday to observe for more signals.
Ronald K - A Game Changer
