MU – Micron Technologies

Here is a little more than a 5 year monthly candlestick chart for Micron. It shows the move towards $60 is still underway with continued buying momentum on the MACD Histogram. After a couple of months more activity there is now a 3rd Fibonacci Extension Tool pointing towards the $60 price level. Stay long and use pullbacks to the $40 area or below to go long until the $60 price target is reached. The minimum requirements for a pullback have been reached so if MU does pullback towards the $40 wait because it will most likely hit $35. But that does not seem probable. What does seem probable is reaching the $60 price level by April.