I’ve tried to be patient with this market today. Not try to force the issue, but after bottoming out at 1686 and pushing higher ever since, I had to join the dip crowd and add a new trade to the portfolio.

One of the stocks that is setting up really well here is Micron Technology (MU). This chart has a solid double bottom in place, and at $14.20, which it has already crossed today, confirms the chart pattern, and the likelihood that this stock is going to explode higher. My original buy in on this stock was at 13.86, but between now and $14.25, I still think this stock makes for a fabulous trade opportunity.

My stop is at $13.48 right now, but could see this moving up to $13.59 by Monday.

Here’s the trade setup in MU:

Micon Technology MU

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