As you can see in my previous publication, we had a great opportunity to enter longs starting the year. Now we have a similarly great opportunity at the end of this correction here, and close to earnings support. The risk is the earnings report still pending, so start by buying a 0.25-0.5% exposure long, with $5.61 downside risk from here. I wouldn't use a stop...
Targets are previous resistance and 200 SMA on daily.
Western Digital Strong Sell since $95 and FED Bubble Asset on failed monetary policies
WDC on close watch for a 1-3 day short under 85.00 for a potential gap fill
See my previous post on MU to get all the information links I posted.
Micron is one of the most undervalued companies in the entire Nasdaq 100 and SP 500. It trades a 6.87 P/E and has increased Operating Profits and Free Cash Flow QoQ. Currently has $4.86 billion USD in cash and has equity on book of $13.36 billion USD. Micron currently has a $21 buyout offer from Tsinghua Unigroup LTD (INTEL OWNS 20% of TSINGHUA) China’s $23B...
HS formation in progress as well as series of LH and LL Looking to increase my short exposure, this is a good candidate
1. Wedging above important, intermidiate level of resistance at $88. Broke through lead to momentum, steep move to $89. Action supported by strong markets. 2. Bull flag near highs above 8/21 EMA. Slower than previous leg. 3. Upper-levle base near highs. Break above gave us final leg.
WDC came to support and the psychology behind it is showing that demand is overwhelming suppliers and so price SHOULD go up. Nothing is obviously guaranteed but there is a good risk:reward ratio in general.