MU is at that point where it needs to make a move either significantly upwards or down. Selfishly
I want this to be up and I think earnings will settle the long term investor down with the recent price deflation of the memory chip segment which I personally think is a bit early. Seeking alpha posted a great article detailing ZERO EVIDENCE that these memory chips will fall in margin anytime soon. I agree.
I want to see MU break the $85 mark WITH VOLUME as confirmation and push up towards a retest of $96.96. I think if this happens it will actually break this resistance and push towards $105-$115.
If it can’t break $85 I would exit the position if you are long as a bearish downtrend might be eminent.
I want this to be up and I think earnings will settle the long term investor down with the recent price deflation of the memory chip segment which I personally think is a bit early. Seeking alpha posted a great article detailing ZERO EVIDENCE that these memory chips will fall in margin anytime soon. I agree.
I want to see MU break the $85 mark WITH VOLUME as confirmation and push up towards a retest of $96.96. I think if this happens it will actually break this resistance and push towards $105-$115.
If it can’t break $85 I would exit the position if you are long as a bearish downtrend might be eminent.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.