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MU had a fantastic flight since 2017. But now weekly chart suggests that it has jumped off and will hit 30 by end of 2019 Q1.
RSI oversold on daily, historical patterns indicate a bounce towards USD 78 long-term
Micron should be double bottoming here and correction likely over.
But then it is Micron with a big hammer from all over and the negativity like Memory cyclic top/China trade war etc.
MU is still in a downtrend on daily but i'm expecting one last wave down before a potential reversal. Look to the price action in that level on a lower timeframe.
As the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock ...
MICRON is a screaming bargain at current levels with or without a sales decline, with or without an over supply, etc..
WE ARE RAISING OUR POSITION TO 1,000,000 MILLION SHARES
We are taking a good guess that we will see Capitulation soon with people panicking and running for the doors for NO GOOD REASON!
When you look at the hype surrounding AMD, trading approx. ...
Buy Zone: 40.70-44.00
1st Target Zone: 47.20-50.00
2nd Target Zone: 58.25-62.00
Support Levels at 39.05 and 37.50
Resistance Levels at 47.20, 49.90, 58.20, and 61.80
... Determine the Overall Market Trend/Sentiment.
Copying and Pasting the Monthly Chart again to see the chart as I see it:
The MAIN PURPOSE of posting this particular stock is to FOCUS on the indicators. This honestly looks like we are in the beginning stages of the crash. If you have not gone out to get the Three ...
This is a follow-up from my earlier idea where I called a double top on MU. MU has broken down from the neckline support, tested the neckline support (now a resistance) and failed.
MU's growth has been slowly decreasing in since May of this year with the 200-day Moving Average leveling off around $50. After what should have been an bullish earnings beat, poor guidance has led me to believe MU may start going down in the long-run. However, in the short-term I am anticipating a run up target of $47 by the beginning of October. MU has ...
huge weekly hammer.
Next movement for MU let us see if we will be right or not in that
Please like and leave comment,we'll appropriate that a lot.
Best of Luck.
I'm not using this as any hard data, but Micron is a surprisingly decent global macro indicator of the market cycle. This probably shouldn't be too surprising since the use of Memory in products tends to correlate with a lot of highly cyclical and luxury type items while also being somewhat commoditized. As a result, Micron tends to be a little bit of a canary in ...
around 2/3 retrace the last crazy bull run. target 28-30$
AFter 5th wave end abc long
Bottoming in progress, can we go up from here.