I think MU is in overbought area and could test 30. If it broke 30, I think it will test low 20 or high teens.
The good thing about mu is that we all know it is WAY undervalued. The bad thing about mu is that we all know it is WAY undervalued.
To all my bullish fighters we are all in together. A look at my chart here RSI is in an oversold condition now. Things will pick up
If this drops today you will be able to hear the stop losses click as it gains momentum. From what I have seen in the past take AH X 3.
54 million shares need to cover! They were hoping nvda would miss pulling this down. Momo could pull this up to $47 today.
My only regret here is not buying more at 43.00 like Thursday’s price. The momentum is so hot here, it would be insane to not btd.
The market has vastly undervalued memory in the building of datacenter. Speed in accessing data is as important as where it's stored.
Love this stock and i'm very bullish but is anyone as worried as I am about general systematic risk and how cyclical this stock is.
Very oversold! Tax bill passing by Senate will spread optimism that a tax bill will be signed by Trump by Christmas! 50 after earnings!
The truth is this should have never seen that big dip at the start of this month, none the less it will be at $50-55 by EOY
Think this will consolidate for a bit. If it can get above $46 then looking for sideways action. If it goes below $41.70, then beware a drop to $36 maybe down to $32. Monthly chart with 10 ma:
"Should be much higher given the lack of degradation in DRAM and only the smallest of declines in the pricing for flash" -Jim Cramer
I found about $1000 in an IRA I had forgotten about 20 years ago. Put it all in on MU a few weeks ago at $43 (I have a much larger diversified 401k). With a P/E of 6 and good looking fundamentals I'm long on this stock. I feel this is one of the best undervalued tech stocks I've found in years.
It's definitely got room to run back up to $50/share to start, as long as the market doesn't tank again. Good luck, man!
