Followings are my opinions on MU:
Fundamental:
1. Q3 result beats expectation.
2. Those memory products are under- supplied, which will raise the sale price due to supply and demand. As a result, MU next two quarters of earnings are expected to go up.
3. Institutional holdings are 80%
Technical analysis:
1. Excluding today, Monday's closing price hits the trend...
I will go with long because fundamental and technical are showing bullish behavior.
Fundamental:
1. Recent deal with apple
2. graphic card sold out for cryptocurrency mining.
3. Cyclical sales which is about to come, usually 2nd half of the year according to 10K.
Technical:
1. We are currently in correction now. However, after correction, a new 5 pattern elliot...