Michael Huang
Long

MU breaking out into W pattern formation

NASDAQ:MU   MICRON TECHNOLOGY INC
99 1 1
W pattern formation and breakout very good chance. Good probability of testing $31. Less likely to break it, but still likely to go up to 32.25.

MU has an intrinsic value of over $40 based on discounted cash flow assuming 5 year growth of 11.23 % and 15 year terminal growth of 4% with a discount rate of 11%
Totally agree. MU is now heading towards 31 plus. Any good news good push it to 36.
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