After a long downtrend MU bottomed out and began a period of accumulation. It looks like MU is about to enter the mark up Phase E and start a new uptrend.
Besides the purely technical analysis, I want to point out that Micron Technology's business is a very cyclical one. About 60% of Micron Technology's revenue comes from DRAM, the rest comes from 'NAND'.The spot prices of DRAM seem to have bottomed out in May, as shown by the graph of the DXI (DRAMeXchange Index): chart.dramexchange.com/dxi.png
md: markdown sc: selling climax ar: automatic rally st: secondary test jac: jumping across the creek buec: backup to edge of creek sos: sign of strength lps: last point of support mu: markup