Long

Possible scenario for stock $MU

Updated

I was responding to a question where someone asked my opinion about this stock. So, here's my thoughts - If it can maintain $68-69 as support (and the market doesn't tank LOL), this might be a great buy. Why? On the daily chart a bullish harmonic presented along with a subsequent descending wedge. It just bounced off the $69 iceline, as it did last month and Dec '20. I'm thinking it will break out of the descending all-time-high supply line to the upside, where long-term it could see $97 or higher, a 40+% gain from the iceline.

Feel free to share any thoughts!

-House

Note

Also, I plotted the high/low fibs on a lower time frame, so they're off a little on the daily. Just FYI. ;)

house_md74

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