We will figure out within 4 days if this trade works. It's either a double top volume increased bearish, great candle and the hourly is a tad bearish. IF STX gaps up tomorrow above the stop, I'll be watching it in the am for a possible fade in hopes to lose less than 1R. Semi expecting another day like today {tomorrow} and then a roll over... This could be a...
Falling knife. Tanked from almost $70 now down to $19. Joining the bottoms from 2009 and 2011's low we could be sat on potential support at current level (note 18.50 the 2011 high) A whole bunch of gaps to fill above 19.75, 21.35, 26.50, 33.77, 47.57 Keeping an eye out for a bounce to try to catch the knife !!!
Price reaching resistance and dropping
In the last few months, STX has been giving some nice chartpatterns and following them throught. Will it be the case for this nice flag?
Micron is expanding into many new markets for DRAM and the acceleration phase of further adoption of their technology is beginning to show in certain end markets. Automotive, Mobile and Data Center is showing increasing demand for DRAM even as PC market is declining. What this means is that DRAM is transforming to now be used in ALL PRODUCTS and CHIPS that are...
See my previous post on MU to get all the information links I posted.
Micron is one of the most undervalued companies in the entire Nasdaq 100 and SP 500. It trades a 6.87 P/E and has increased Operating Profits and Free Cash Flow QoQ. Currently has $4.86 billion USD in cash and has equity on book of $13.36 billion USD. Micron currently has a $21 buyout offer from Tsinghua Unigroup LTD (INTEL OWNS 20% of TSINGHUA) China’s $23B...
Major Trend Bullish, good pullback for continuation, above ma 200