Micron Technology (MU): I'm new to this board. Just started...

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Imperial Whazoo

Re: None

Thursday, 03/31/2022 9:42:54 AM

Thursday, March 31, 2022 9:42:54 AM

I'm new to this board. Just started tracking MU. I use ABC analysis and the B point was 3/18 on 26.8 million volume. It broke the B point on 3/23, closing above with 41.29 million volume, so, using the typical ABC approach, the A point was 68.34, B was 81.20, C was 75.08 which projects the D point to be 87.94

D being calculated as follows: (B -A) = X, which maens (C + X) = D, making D be projected to be 87.94

So, does anyone have any idea what is going on to drive the price down yesterday and today pre-market? Are all rge semis broken as a sector? Seems to me that, given the scarcity issues of the minerals going into technology & the absolute necessity for semiconductors in this present day that the semis should NOT be looking so pathetic. Anyone got any kind of explanation?

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."