The Long Investor

$MU

Added 2025-01-07 13:39:29 +0000 UTC

I am watching to see if the ABC correction is complete now, price did make a lower low in December but Wave C has been short....but it is likely we are seeing a triple bottom here instead.

Price has already bounced from $84 to $102 now this year and is moving with the positive sentiment in this Semi sector.

A break out of the channel next will also mean a break above the 200 Day MA at $110, so holding above $110 and the price can move a lot higher to the blue line again with the bullish sentiment in the semi sector, this is the best case scenario.

Any rejection in the channel and we could see a drift sideways in the channel until their earnings release in March.