After an intense rally $MU, on a weekly basis, shows signs of weakness quite clear. RSI actually is flagging up a crude divergence, macd is already in bearish mode and the solid trendline which has supprted the trend so far is almost violated. Volumes are low especially last week where the price touched the mid term trendline (another sign that investors are not...
Let me know what yall think of Micron.
I posted a chart about a month ago in my Discord and it's panning out very nicely. Given recent movement I am very confident in this call. We could go as low as the 123.3%-161.8% in this ABC expanded flat, however my primary buy target is $46.75. *THIS IS NOT FINANCIAL ADIVCE*
MU Looks to have made a double bottom on the hourly and retested the 68.20% fib retracement to perfection. Depending how this hourly closed I think theres room to the upside.
Gap filled and stopped at minor .25 retrace. Earnings are supposed to be good. 70 target as in 1.618 extension of retrace. also harami candle pattern on daily
MU H4 chart The upward movement continues on the red support line If it break the red and blue support lines broke, it is the place I mark the possible movement area. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS...
$MU has been a long time favorite, but semis got hit recently on demand concerns. Last analyst meeting MU said the servers using artificial intelligence use six times more DRAM and twice the amount of SSD. Since then, the stock has rallied and is approaching ATH levels. A "failed" breakout here and dip to the gap zone sets the stage for a cup and handle...
Well this is what I see on MU. Looks to me that it will complete its right arm of a head and shoulders top and head down for a bit. Only time will tell. Thanks.