SamSuka
The Long Investor
The Long Investor

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$MU - RC -

Ascending triangle formed right now, it is looking like it may be ready for a breakout here to follow the green impulse wave, can $MU follow $NVDA and $AMD and not $INTC? it is possible if it can break out here above shortly......my one concern here is that $MU have a current PE of 46 and a FWD PE of 103....meaning value is expected to decrease over the next 12 months....this is a trend that you do not want to see, so the Wave C target in red can not be ruled out for now.

$MU - RC -

Comments

I’ll take a look now, it’s been awhile

Gareth Neary

Bull case aged very well, congrats

Seb


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