MU has been beaten down lately with a decreasing quarter revenue earnings since 2018 and recently it has established a strong Support Demand Zone at $69. Net margin contraction has also played contributed into the press. Earnings is coming up in October and it is expected to be better. From $69 bottom support to the upcoming resistance at $72/$74 with Fibo of 0.5, the trend has changed to be an uptrend. Gives a solid amount of 7% of upside. Eventually would like to see MU to reach $80 range.
MU's MACD is oversold, RSI oversold and it is crawling to the upside trend making higher highs. Seems like a recovery back up.
Fundamentally and Technically seems good with positive earnings coming up and a strong support rebounding.
MU's MACD is oversold, RSI oversold and it is crawling to the upside trend making higher highs. Seems like a recovery back up.
Fundamentally and Technically seems good with positive earnings coming up and a strong support rebounding.
MU rallied up well 'on the point' of my target as shown as the chart. Looking bullish for this undervalued stock.