Falling wedge on the weekly
There is an emerging "Falling Wedge" pattern on the weekly chart.
Several additional signs suggest that a reversal is coming.
While the price is at lower lows, the MACD indicator shows higher lows.
This phenomenon is called regular divergence, and it is bullish.
Another bullish sign is that the RSI is oversold on the daily chart and almost oversold on the weekly chart.
Lastly, MU outperformed the overall market in the last few trading sessions.
Support: 49.66, 46.52
Resistance: 52.99, 53.98, 58.37
Several additional signs suggest that a reversal is coming.
While the price is at lower lows, the MACD indicator shows higher lows.
This phenomenon is called regular divergence, and it is bullish.
Another bullish sign is that the RSI is oversold on the daily chart and almost oversold on the weekly chart.
Lastly, MU outperformed the overall market in the last few trading sessions.
Support: 49.66, 46.52
Resistance: 52.99, 53.98, 58.37
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