Trade Alert: $MU

December 29, 2022

It's a week full of trades!.

There are so many opportunities out there in this stock market that keeps on grinding higher.

The bulls continue to get rewarded throughout the back half of the year and we see no evidence of that slowing down.

Yesterday's Long Tesla Call is setting up nicely.

Over in our Trading Room, we traded $TSLA from the long side both yesterday and already this morning, successfully both times.

The longer-term trade looks ready to trigger as well.

In the meantime, I bought this Micron $MU that I think also provides us with a favorable risk vs reward opportunity.

We want to be long $MU if it's above those September lows:

By my math, the upside here is exponentially greater than any risk we are taking.

Premium members can find the $MU entry & targets here.

If you missed both of our Tesla Longs this week, you really should join us in our Trading Room each morning.

Email me and we'll get you access asap.

The details of our longer-term TSLA trade can also be found here.

Let me know what you think!

- JC

Live Monthly Charts Strategy Session

Our Live Video Conference Call will be held on Tuesday January 3rd @ 6PM ET for Premium Members of ASC.

As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

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