Beautiful movement with MU. Looks like it moved away from that heavily bought/sold area marked R1 - With good China news - could be the fuel it needs to get above that and make a new found support. $40's sooner than later IMO
Earnings tonight for MU. $33 has been a huge support/resistance line for Micron over the years. With it failing to bounce on its last few tries since fading back down to $33, seeing lower highs on the most recent pop, and with an expected 76% decline in earnings this quarter...I'd be shocked if this thing popped after earnings. Best case scenario is gonna be,...
Micron has been looking bearish in what appeared to be an emerging downward channel. However, after hours today it popped two and a half dollars per share on the basis of a supposed earnings beat. News outlets are reporting that earnings "crushed" estimates. The problem is that the analyst estimates are for GAAP earnings, and Micron's GAAP earnings missed by...
MU has been beaten down for far too long - considering the amount of cash they make.
RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2.
Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's.
Patience with MU from...
It was a necessary correction in order to make the growth even higher. Just only jump on the rocket before the earnings date, because the report will be good
Seems like Analysts have been tripping over one another to downgrade Micron for the past year, at this stage we don't take notice as these are they same analyst who had $80 targets when the trade war had already started. The world of trade has changed greatly but to be selling at such a p/e ratio is ridiculous, the need for their product is not going to disappear,...
