$MU vs $AMD part 2*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been covering $MU for the past few months. After consolidating in the $65-$75 range for the past couple of months we finally believe that $MU is ready to take its leap to go past $100.
$MU is a semiconductor company much like $AMD. With this being said investors should expect these two to uptrend similarly short-term along with other semiconductor companies this winter due to a chip production increase.
For long-term investors $AMD is the chip tyrant that will most likely dominate its competition, but that does not mean we can't still make money off $MU.
My team entered $MU at $72.92 per share at market-close on Friday. Our first take profit is set at $92 per share.
OUR ENTRY: $72.92
FIRST TAKE PROFIT: $92
2ND TAKE PROFIT: $103
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