Sunday 20 January 2019

Micron Technology - Short Covering Volume




I just received a trade record from my student where he made a small profits of $170 in Micron Tech. I know he's trading everyday to make it and he's putting in the hard work to make it possible. So far so good and he made 6 digits so far based on all the US stocks and Dow Jones he traded. Micron Tech, a stock I shorted last year June 2018 at $60 tanked all the way to a low of $26++ where I spotted the top and shorted together with all my students.

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 the stock was down -17% from the high. It reached a demand area where short coverings were spotted and some form of buying were detected. It's not difficult to identify such stocks near bottom like when I spotted it at the top back in June 2018. Study the volume and you shall see heavy transactions combined with healthy steady buying. I am putting this counter in my watch list for a long trade soon. Congrats on your small win and see you in your big win very soon.

Ronald K - A Game Changer