MU Making Expected Moves - Buy Target IncomingI posted a chart about a month ago in my Discord and it's panning out very nicely. Given recent movement I am very confident in this call. We could go as low as the 123.3%-161.8% in this ABC expanded flat, however my primary buy target is $46.75.
*THIS IS NOT FINANCIAL ADIVCE*
Microntechnology
MU : Support and resistance with range of motionMU H4 chart
The upward movement continues on the red support line
If it break the red and blue support lines broke, it is the place I mark the possible movement area.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
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MU looking good, looking to accumulate on further dips.$MU has been a long time favorite, but semis got hit recently on demand concerns. Last analyst meeting MU said the servers using artificial intelligence use six times more DRAM and twice the amount of SSD. Since then, the stock has rallied and is approaching ATH levels. A "failed" breakout here and dip to the gap zone sets the stage for a cup and handle breakout. Keep an eye on this one.