SamSuka
The Long Investor
The Long Investor

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$MU

One of our members have just highlighted this chart to say that this has been following the impulse wave, I last uploaded this chart in May but we can see that Wave 3 came in sooner than expected but Wave 4 came down to the 200 Day MA as expected and has bounced very well with other tech stocks this month.

It is also in need of a pull back before it will go higher, the 1 Fib at $69, where the 50 Day MA is right now would be the ideal spot.

We are seeing some curving around the top of $AMD's current wave so this may be the start of this pull back too, $MU will likely follow.

But still we will wait.

$MU

Comments

Guess that chart might be updated... Very interesting

Seb

Can you take another look at your chart on MU? It shot past the (5) mark, so perhaps it will be correcting? Thank you.

swan786


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