MU Trade on Sep 30, 2020 10:23 from Runner73: Tradervue User Stock Trades.

Stock had a good earnings, they failed a bit on forecasts of the first quarter, but this was because of new expensive products that will benefit the company in the future, I like this play very much, the idea was based on few things, if you take a look on 4 hour chart and go to beginning of July you will see that stock trades in range $48-$53, later stock lost the channel but lately back in, so yesterday MU dropped from $51 and came to $48 area, so that gap down was because of panic, MU is doing good, OK maybe they look weak for one second, but overall picture is bullish, so I was waiting for the first sell off, those 1 min higher lows gave me the confidence that stock is strong, i got in when realized that 15 cent was a buyer, plenty of prints went through, sold the position near 50 cents area

After I sold my position, I realized that 35 cents was a strong area, huge prints went through, at 35 cents was print 75K, 35 bid holds, dropped and we got another 50K print at 33 cents and holds,i got in stock went up towards 40th, but I started to feel
there that stock can’t hold these levels, every time when we have big print on the bid-that bid drops, it was at 40 cent, 38,36,33 I guess, so I closed position immediately, for few cents loss, I could short at that area, but stock at 30 cents right now and I can’t short it, because I can’t tell where my stop is, short at 30 cent and risking 10 cents it’s not a good play , so I waited stock came to 15 cents, has a 30K shares on the bid at 15 cents, that bid was raped heavily hhh bid dropped, I cold get in only at 12 cents rising above 17th+- and covered at 96 cents, nice play, but here you play the pullback toward $48 area