Fibonacci Stock Trading Opportunity Gartley Setup

Here's something we don't see very often.

A stock making a near perfect buy setup.

Micron Technology has signaled a buying opportunity based on a simple ABC projection.

This projection corresponds with the 79% retracement of the rally off of the 24 January 2005 low to the 15 February 2005 high.

To top it off, the price retracement occurs at the 100% time retracement of the recent rally.

Price trading above today's high of $10.98 is the signal to go long.  If filled, a protective sell stop order goes below today's $10.50 low.

 

fibonacci gartley

 


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