$MU - RC -
Added 2024-09-30 16:42:01 +0000 UTCThere was some euphoria post earnings release last week....the earnings was not bad but like I said in the previous upload, the set up was not there to enter before earnings.
Now profit takers have come in and the price is just below the 200 Day MA now, so I have added in the green Fib levels to show where support can come.
The blue support line cuts right through the 0.5 - 0.618 Fib levels, the 50 Day MA is also there too....making this a confluence level
A hold here and you have your set up and the pull back from its Wave 5 high could be complete.
Comments
Do you think the primary ABC correction is already completed after the high at $157, or is it still uncertain the Movement and from the direction since NVda is also within Inside its triangle?
Pierre penasa
2024-10-01 10:09:27 +0000 UTCI am seeing MU's forecasts for 2025/2026. In 2025 PE 13, net margin 23.7% ( in 2024 net margin 3.10%) In 2026 net margin 26.5% Turnover 2024 25 billion 2025 38billion 2026 46 billion Definitely interested
Pierre penasa
2024-10-01 09:27:07 +0000 UTCDouble bottom!
DC
2024-09-30 20:55:01 +0000 UTC
