$MU
Added 2024-09-23 13:21:41 +0000 UTCNot quite a clear set up here for a reversal, price is sitting in between the 0.38 - 0.5 Fib, the 50 and 200 Day MA has just made a death cross and there is no signs of a new impulse wave starting yet, just a retest of the 20 Day MA from below
$MU and $SMCI are in the same category
Whereas $AMD and $NVDA look more bullish
Even $INTC looks more attractive here as it finds support on the 0.887 Fib and consolidating.
I would need to see a hold above $97 to see a possible Wave B relief bounce next here.
Comments
No HBM3, no AI.
DC
2024-09-23 20:01:01 +0000 UTCThat looks like a double bottom…
DC
2024-09-23 20:00:31 +0000 UTC
