Swig trade on Micron
Updated
Micron looks to be setting up for a nice swing trade. The chart also shows a double bottom and price potentially goes back to 106 lvl. This is one of the few semi stocks that has great fundamentals but has not really given stock gains. Hence a good pick. A good swing trade but also a good long term hold. In summary this is an undervalued stock and from technicals perspective setting up for a bounce.
Trade active
As predicted this stock has gone up and has been a successfull swing. Might test the lvl at 111-112 but always good to take profit and look for new opportunities if you do not want to hold this long term. Note
We had a big drop on Micron post earnings. The earnings are actually positive hence I am buying more at this level. On technicals we have a triple bottom formation. Buy when others are fearful and sell when others are greedy. In this case eveyone is fearful so I am buying
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