The US market had been very bullish lately as everytime when the market sold down, it resurrected and moved higher. However judging the supply and demand factor, it seemed as though the bulls were tired and the bears are coming soon for some selling. Hence, it's time to revisit some US stocks for trading. There are many counters for trading but one stock that is always in play would be Micron Tech. The stock had hit a supply zone lately in daily chart and in the 5 minute chart, it suffered profit taking and also touched the bearish wall zone.
It had been pretty tough to trade Micron since it's in a trading range but looking at the 5 minute chart for short term trading, there were plenty of opportunities. From the stock 3/4 bottom in the 5 minute chart and sold at the peak of $44, it's good profits considering the lot size is only 1500 shares. The high was $44.04 and the sold off price was $44 near the gap up. Looking forward to see more of such good trades.
Ronald K - A Game Changer
