Micron Technology (MU)

[ITMS]

Expect Micron $MU To Flush One More Time Before Major Buy Level

Shares of Micron (MU) will likely see one more major flush before a significant bottom is in place. The semiconductor player is getting attractive on valuation but still needs the $32.75 level tagged before the top traders will initiate a buy based on technical analysis. This will likely happen in late December or early January 2019. This level represents multi-factor support pivots and has a high success rate, reaching north of 80%. Expect a bounce as high as $40 from that level.






Gareth Soloway
InTheMoneyStocks