WellTrainedMonkey

$MU: ABCD completion

Short
NASDAQ:MU   Micron Technology
$MU reversing off an ABCD completion into a lower high 50% retracement off the 2018 highs. If the trend line support near $36 does not hold, the implication is a stretch downside target closer to $12. I just do not see how with US chip stocks are stay at elevated levels when smartphones are not moving and memory prices are crashing...


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