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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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.