Saturday 24 August 2019

Micron Tech - Profited $2561






The Dow Jones crashed -600 points and many stocks tumbled big time last evening. After a cob at the top, the dow jones recovered and then within the next 2 hours, everything collapsed. See the 15 minute chart attached to study the movements. Everything seems tricky now as one day up and the next day down. My very consistent student just reaped off another good profits in Micron and made some good profits of $2561.



Micron is a stock that was affected and linked to China since many of their chips are used by Chinese companies like Huawei and hence it's wise choice to short when the US-China trade war still lingers. The Dow crashed so did Micron and many other tech firms. Congrats on your wins again and taking those small losses.

https://www.cnbc.com/2019/08/23/china-to-retaliate-with-new-tariffs-on-another-75-billion-worth-of-us-goods.html

https://www.cnbc.com/2019/08/23/trump-will-raise-tariff-rates-on-chinese-goods-in-response-to-trade-war-retaliation.html

Ron K - A Game Changer