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.
Gareth Neary
2023-11-13 19:23:36 +0000 UTCSeb
2023-11-13 19:23:01 +0000 UTC