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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.