“MU is in a bearish downtrend with lower highs and lows below declining moving averages, no reason to buy.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
it's been below the fiveday moving average. And even while it was above the fiveday moving average, it did it still had a pattern of lower highs and lower lows in here. So there was not a reason to buy in here. And there still isn't.
we spoke about the head and shoulders pattern. And if we broke down below it, then a reversal back up would be good. But we don't have a reversal back up right now below a declining fiveday moving average.
The structured call
The receipt
Publish-day price $$848.95 · the claim is anchored to the moment it was said.