MU
has formed an inverse head and shoulders pattern that broke out. This break out failed to make new highs, however I believe it created opportunity to enter into Micron.
Microns business is about to change by a lot. Let me explain, Micron sells NAND memory, which is non-volatile. Non-volatile is a fancy way of saying it doesn't need power to remember things.
Think about like this:
You lose power at 7:15 AM where you live. If you have an oven, old analog clock, or VCR when the power comes back they will all reset to 12:00 (or something similar but it will be whatever is the default to go back to). If any of those devices had NAND memory when they came back on they would read 7:15 AM.
Does that make sense? You don't need energy to remember things.
So what? Less energy used means more battery life.
Even more so what? Think about all those cool little devices you dreamt up as a kid. Those weren't possible because how long could those devices run on battery? Think about how large of a leap going from double A batteries to rechargeable.
NAND makes it possible.
* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.