For the month of July look for MU to touch the 50-52 line, based off the 200 day moving average. once it touches through, wait about 8-10 trading days before buying in.
@Hansmyboydont, I don't get how he is stupid going long at 50? Care to explain?
HannesWidrig
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@hellreturn, that's just a friend trolling, ignore him.
UnknownUnicorn3159981
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Thanks again for your time and help. Have a wonderful weekend!
UnknownUnicorn3159981
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Again, Thank you for your time and help. If I am reading the chart correctly, CHK looks like it is ready to blast off..Do you agree?
HannesWidrig
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@stockkid, I would agree that CHK looks like it has more room to go up based off examining the charts.
UnknownUnicorn3159981
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Hi, thank you for your time and research. I am in the process of learning charts, etc.. I see Micron has support around $51 ... If it breaks this, it could hit around $45 and hopefully bounce back up. Am I reading the chart correctly? Thanks again! Have a wonderful weekend.
HannesWidrig
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@stockkid, Not quite, based off the past few years, with no reason to believe otherwise, MU has generally not broken through the thick red line that runs from 50-52 for the month of July. My expectation is that it'll touch that line at some point this month and then bounce off and which point I'll buy in. I do not believe we will see $45 again unless there are larger forces at work.
hellreturn
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@HannesWidrig, U read my mind. :) This are my thoughts and history will repeat -