Tuesday, October 23, 2018 11:23:12 AM
Mid-2017 resistance level at about 32.50 -- June-July 2017 triple top. I drew that dashed yellow line some time ago. I think that is where it ends up. Matches up with a substantial top that lasted a few months in late 2014. The value of 35 is a nice round number at the high end of that range set in 2014. As you can see, 32.50 was tested multiple times in the summer of 2017.
If I had cash and was interested in getting back into MU, I would start by selling November $35 Puts, and could likely do that numerous times -- eventually get assigned.
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