I believe that NASDAQ:MU
is going to explode. 5 p/e ratio
. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka
is currently back to the green bearish trend
although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU
recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news).
Buy point - I bought at 41.4 but a 43-44 Buy point is good too.
Sell point - 50$ or above (depends on the trend and news).
Stop loss point - 38$.