Just like the DJI im so annoyed about hearing how the price went down because of XYZ, when you then look at the chart and go.. "hmm.. it looked like it was going to do that anyway."
Believe in insider trading and that the market is smarter than you. If you believe this, you believe in the charts. Charts do not lie, they are only misunderstood.
Ok, so anyway Im just putting charts of all 100 things i follow. I know there are many good micron charts, so I'd recommend looking at those too.
These lines were all here before the trend touched them after the drop from 63.53 in march. Not after. What this means is that the movement is not so much predictable to the t, but it is easy to follow and gauge where the good areas are.
We are not testing the .618 after failing to pass into new highs and hold the .75
What I now want to see is the price hold here now that it has found resistance on the 50 day MA.
My initial though for a buy point was the green line (53.83 and 52,81) with 50% buys on each. As it is now, If my money was in MU, I would sell out and wait to see.
Im starting to feel that the next two buy spots seem to be 51.62 and 50.17 for the next bullish run upwards towards at least 57.00.
But based on how much people froth at the mouth over micron, I think from 50.17-50.67 well see a bull repeat of what we saw last month.
Oh yeah i forgot to look at things like the earnings report (I just looked at it while writing this). It is kind of funny how i've looked at stocks for about a month and it took me 2 days to figure out that its more often than not, its good to sell around earnings reports, even when the report is good.
Take care yall
-KTown
Believe in insider trading and that the market is smarter than you. If you believe this, you believe in the charts. Charts do not lie, they are only misunderstood.
Ok, so anyway Im just putting charts of all 100 things i follow. I know there are many good micron charts, so I'd recommend looking at those too.
These lines were all here before the trend touched them after the drop from 63.53 in march. Not after. What this means is that the movement is not so much predictable to the t, but it is easy to follow and gauge where the good areas are.
We are not testing the .618 after failing to pass into new highs and hold the .75
What I now want to see is the price hold here now that it has found resistance on the 50 day MA.
My initial though for a buy point was the green line (53.83 and 52,81) with 50% buys on each. As it is now, If my money was in MU, I would sell out and wait to see.
Im starting to feel that the next two buy spots seem to be 51.62 and 50.17 for the next bullish run upwards towards at least 57.00.
But based on how much people froth at the mouth over micron, I think from 50.17-50.67 well see a bull repeat of what we saw last month.
Oh yeah i forgot to look at things like the earnings report (I just looked at it while writing this). It is kind of funny how i've looked at stocks for about a month and it took me 2 days to figure out that its more often than not, its good to sell around earnings reports, even when the report is good.
Take care yall
-KTown