Note: This is not an investment advice but my opinion alone. Please feel free to comment
Micron has been on a downtrend lately but I think we are at a reflection point. After what was a bad earnings report the stock price held up well to my surprise. Looking at the FIB Ratio, we are due a bounce but we have to be very careful. We also have an RSI bullish divergence that looks like shares are being picked up. We either hold $30 or we are headed down to $20 so we need to watch it carefully.
Note: We could be in an ABC with a B bounce ready to come and eventually headed to $20 with a C
Micron has been on a downtrend lately but I think we are at a reflection point. After what was a bad earnings report the stock price held up well to my surprise. Looking at the FIB Ratio, we are due a bounce but we have to be very careful. We also have an RSI bullish divergence that looks like shares are being picked up. We either hold $30 or we are headed down to $20 so we need to watch it carefully.
Note: We could be in an ABC with a B bounce ready to come and eventually headed to $20 with a C