Lots of folks including me got excited by the news of Micron's $10B share repurchase plan just later bursted into tears when both GS and JPM badmouthed about the stock. LOL
If you love drama and/or comedy, you can't manage to miss checking reddit's /r/wsb. MU is the hottest topic there.
OK. That was a lot of fun. But the last retracement from $63 down to $45 is intriguing to me. I can clearly see 5 waves in that drop! And the fact that this drop didn't even touch 38.2% level which by statistics is the mimimum level for wave IV to end raised another doubt in me. Then the next rise from 45 to 64 has perfect zigzag a-b-c formation in which wave (c) measured exactly 100% of wave (a).
All these hints gives me a speculation that we might be still in a flat wave IV, more exactly (c) of IV. If that turns out to be the case, I expect MU to reverse back to 4x levels (anywhere from 61.8% to 123.6% extension) before mooning to 7x.
In that case, make sure to #YOLO on MU !
If you love drama and/or comedy, you can't manage to miss checking reddit's /r/wsb. MU is the hottest topic there.
OK. That was a lot of fun. But the last retracement from $63 down to $45 is intriguing to me. I can clearly see 5 waves in that drop! And the fact that this drop didn't even touch 38.2% level which by statistics is the mimimum level for wave IV to end raised another doubt in me. Then the next rise from 45 to 64 has perfect zigzag a-b-c formation in which wave (c) measured exactly 100% of wave (a).
All these hints gives me a speculation that we might be still in a flat wave IV, more exactly (c) of IV. If that turns out to be the case, I expect MU to reverse back to 4x levels (anywhere from 61.8% to 123.6% extension) before mooning to 7x.
In that case, make sure to #YOLO on MU !