MU Scenarios
Micron has been dropping for a while here, all other major semis (TSM, AMD, AMAT [with the exception of the last few days], TXN and NVDA) have been predominantly up or consolidating.
Thinking MU is lagging a bit here and could see some movement soon. I'd like to see it rebound off of the 41.19 support build up since March. Hasn't had a close cross it, just some wicks that got beat back from it. RSI is getting a bit crazy on it, but second target would be gap fill 38.32.
Yesterday and today saw lows around a pretty beaten support.
Adding this to watch for the proper entry. But thinking we could see it reach from 41- to at least 47 or 38 to at least 43-45. There's a month before earnings so technicals will play big soon.
Micron gapped pretty decent on last earnings (closed 49 opened 51). Until I see analysts start to down grade I'll be expecting something decent.
Thinking MU is lagging a bit here and could see some movement soon. I'd like to see it rebound off of the 41.19 support build up since March. Hasn't had a close cross it, just some wicks that got beat back from it. RSI is getting a bit crazy on it, but second target would be gap fill 38.32.
Yesterday and today saw lows around a pretty beaten support.
Adding this to watch for the proper entry. But thinking we could see it reach from 41- to at least 47 or 38 to at least 43-45. There's a month before earnings so technicals will play big soon.
Micron gapped pretty decent on last earnings (closed 49 opened 51). Until I see analysts start to down grade I'll be expecting something decent.
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