simbha

Double Gartley... Interesting pattern to monitor

Long
NASDAQ:MU   MICRON TECHNOLOGY INC
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7
Micron should be double bottoming here and correction likely over.
But then it is Micron with a big hammer from all over and the negativity like Memory cyclic top/China trade war etc.

Comments

I'm long is MU what is your target? Do you think it will trade back in the $50's? thank you in advance for your comments.
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simbha DonnaSko
@DonnaSko, If you can hold for 6 months you will see 100% returns are very much possible on this stock. Big move is likely to come with a target of 75+ . However, we see lots of noise and distortion in the next 6 months. One should have patience, just like in biotech stocks. But Micron is a big cap with huge market share and cash generation. I am loading it slowly. Good Luck!
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DonnaSko simbha
@simbha, Thank you. I appreciate the help on this one. I bought way too high and am thinking it may come back. Thanks again. Trade safe.
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