If you caught the ride up in MU, congrats! I've been following this stock since 2020 and it's about time it catches up with the rest of the semis.
The fibs show 325 range is the final top for a wave 5 dating back to Dec 2022 lows. With tech earnings kicking off Jan 26, I am expecting MU to reach 219 by no later than February. Micron has one of the highest RSI's and is well above the monthly SMA's, so a drop to this level is not unprecedented.
Happy trading!
The fibs show 325 range is the final top for a wave 5 dating back to Dec 2022 lows. With tech earnings kicking off Jan 26, I am expecting MU to reach 219 by no later than February. Micron has one of the highest RSI's and is well above the monthly SMA's, so a drop to this level is not unprecedented.
Happy trading!
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Price target moved to 196
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.