I like micron technology here and this is why:
Stock bounced at a very strong support line.
The candle created a nice hammer which is very bullish.
The stock also bounced at the 50 MA so that brings more strength to the bouce.
Also, what i like is simply the change of control between the bears and the bulls. Yesterday, the stock went down a lot and that was a very strong move on the bearish side, bears had the control and the power at the end of the day but today it gap up a little bit above the prior close , so the bears start to freak out a little bit but then the bears were able to push down the stock for a little move but it did not last for long and the bulls took the control and finished the day with power so this is why im going long tomorow.
Stock bounced at a very strong support line.
The candle created a nice hammer which is very bullish.
The stock also bounced at the 50 MA so that brings more strength to the bouce.
Also, what i like is simply the change of control between the bears and the bulls. Yesterday, the stock went down a lot and that was a very strong move on the bearish side, bears had the control and the power at the end of the day but today it gap up a little bit above the prior close , so the bears start to freak out a little bit but then the bears were able to push down the stock for a little move but it did not last for long and the bulls took the control and finished the day with power so this is why im going long tomorow.
