MU Micron—are they set up to go on a big run or are they just trying to lure people in?

Micron has just dropped a jaw-dropping positive catalyst! A yellow-haired man personally made the call—Micron plans to invest $250 billion in the US to build semiconductor manufacturing, and also create 100k jobs. Is this the “Trump effect” proven-in-action?

But looking at the chart, the current price is 983; the 24h high is 998 and the low is 954. It’s clearly a spike-and-fade. A major news headline hits, yet the candlesticks look hesitant: the 7-day moving average at 980 and the 25-day moving average at 978 are strong supports, but the 1000 level is being pressed down like an iron lid.

Trading advice:
For longs, if it pulls back to around 978–980, go long directly. First target: 998; second target: 1020.
For shorts, if price touches 1000–1005 and stalls, then try a small short position with light size. Targets: 985–980.

The market sentiment from the positive news rolls in fast and fades just as quickly. Make sure to control your position size.

#预测世界杯西班牙VS比利时