With MU beating - bodes well for others in the space. SGH has been beaten for too long, maybe something changes? Small risk / reward play but something to monitor going forward.
I see this testing the top of it's channel in about 35 days for around a 45% gain.
Keep an eye on the DPO and RSI. I'm somewhat expecting an inverted head and shoulders to form here. Keep note of the Brazil election date as well.
I think earning sell off was over reaction. Buy here for mid-term hold and price target of $45. RSI also at over-sold area. Fundamentals and earning were good as well. Or wait and it may go down more closer to $27 and buy there. Put stop-loss at $26.
Keep an eye on the BRLUSD exchange and the Brazil elections in a few months. This should present a unique buying opportunity.
SGH - down after ER but looks like it's forming support near 32. If it holds, time to go long. Long time support is 27.
Strong support + Earning Reports + Tech industry growth expectations.. I'm bullish on this one
This is an update to the previous post I did on this stock.