Micron has clearly formed an evening doji formation, which is a bearish formation signalling a top, turnaround.
This is a monthly chart you are looking at, which candle closes tomorrow, so most likely won't change that much.
I like to invest into stocks for long term or make swing trades, I am not shorting MU here, as I only do long swings, just a simple technical analysis.
Don't fall into the overhype of Memory stocks or AI stocks, despite Micron having a very good quarter, a 50 EMA visit is a common thing for many stocks, Micron included, as you may see in the chart.
Ex-dividend date is also today, which should have a minor negative impact on the price also.
My target would be 50 monthly EMA, the orange one.
This is a monthly chart you are looking at, which candle closes tomorrow, so most likely won't change that much.
I like to invest into stocks for long term or make swing trades, I am not shorting MU here, as I only do long swings, just a simple technical analysis.
Don't fall into the overhype of Memory stocks or AI stocks, despite Micron having a very good quarter, a 50 EMA visit is a common thing for many stocks, Micron included, as you may see in the chart.
Ex-dividend date is also today, which should have a minor negative impact on the price also.
My target would be 50 monthly EMA, the orange one.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.