NASDAQ:MU   MICRON TECHNOLOGY, INC. - COMMON STOCK
MU. Daily LOG. Good positive reversal daily RSI . Using my stop as close < 36.60. Target just < 55. Process your way.
Trade active: Looks like wave may a triangle.

Trade closed: target reached: High today of 55. Took profits.
Comment:
goodguy jangseohee
@jangseohee, thanks LOVE IT.
+1 Reply
After Market Close earnings Tuesday, Dec 19, 2017 are expected at about 2.12 to 2.20, I'm modeling them at 2.45. Should start a new uptrend on that positive note and positive outlook.
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goodguy hammerup
@hammerup, thanks will watch for it.
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@goodguy, How is THAT $2.45 for hitting it on the head! I have 5,500 shares, I see we are up to over $46 after hours. Their guidance for next quarter is unbelievably good too, projecting at midpoint of guidance $2.58 per share. Instead of being an albatross, NAND may be what really makes this company money, they are selling SSD drives like hotcakes. They paid down a pile of debt too, and within 2 quarters will have less debt than cash on hand.
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goodguy hammerup
@hammerup, holy crap man! You nailed it ! You,re a lot smarter than I. good work.
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56.43 would be the 1.618 Fib retracement in my opinion, so 55 is conservative, I would consider 49.80 as a good point to take some profits, even 47.50 depending on your trading frequency
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@juuni, thanks I really appreciate it.
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Do you think its a sell now
+1 Reply
goodguy Invigorate
@Invigorate, did you see some info that makes you think it should be sold? From my view of the technical I think we may see a rise to about 55. So my target personally is about 54.5. Whether you should enter now or not depends on how you deal with risk/reward. Take care.
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