Micron Tops & Bottoms
As the title indicates, here are the tops and bottoms for Micron on the Daily time frame. Micron kind of trades like a commodity, lots of chatter going around about the memory chip market bottoming. Micron earnings don't look great in the near term, however, they have solid fundamentals like cash flow, a dividend, and a big market share.
I expect the recent double bottom to play out as the auto-pattern recognition thing indicates. I say this because I like $80 as a price target and I've even called the same price target last year and nearly pinned it to the dollar. Not saying i'm a chart genius maybe it's just Micron is not hard to read from a technical standpoint. It's strong fundamentals leave you with a stock that has a lot of potential and margin for loss is fairly low.
I saw buy for the long term.
I expect the recent double bottom to play out as the auto-pattern recognition thing indicates. I say this because I like $80 as a price target and I've even called the same price target last year and nearly pinned it to the dollar. Not saying i'm a chart genius maybe it's just Micron is not hard to read from a technical standpoint. It's strong fundamentals leave you with a stock that has a lot of potential and margin for loss is fairly low.
I saw buy for the long term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.