AI
Wednesday, July 06, 2022 3:04:22 PM
As I've mentioned I'm interested in semiconductor investments. They've decidedly underperformed the market over the last six months. As I have time, I'll post my charts and opinions.
This chart of Micron, (MU), shows absolutely nothing of a technical nature that would suggest that today is an entry point. Pane 1&2 show RSI and A/D. Both look terrible. Pane 4, 5 & 6 show PPO, (similar to MACD), Tech sector and semi industry. Same as 1&2, not even a hint that the pain is over on this weekly chart.
There is some price support just below $50 and more at $42.50. This is a good company worth keeping an eye on.
This chart of Micron, (MU), shows absolutely nothing of a technical nature that would suggest that today is an entry point. Pane 1&2 show RSI and A/D. Both look terrible. Pane 4, 5 & 6 show PPO, (similar to MACD), Tech sector and semi industry. Same as 1&2, not even a hint that the pain is over on this weekly chart.
There is some price support just below $50 and more at $42.50. This is a good company worth keeping an eye on.
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