Micron seems to be showing a reversal pattern!❗️
As of today's after-hours trading compared to yesterday, MU seems to have turned to a reversal uptrend. Once it starts rising, it tends to continue upwards and is resilient to seasonal declines. The general investors' shareholding rate is only 19%, with institutions overwhelmingly holding shares. Post good earnings, most institutions are expecting a valuation of over $150, higher than pre-drop levels, and there is no doubt it will surge in November. Its growth rate is higher than NVDA and TSMC, and it leaps up with each earnings announcement.
Although the price movement is still small, based on the candlestick chart, it seems like it's time to consider buying more shares. It would be ideal to double up at the lower end of the intraday fluctuations around today's open and ride the upward trend.
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tm_speedstyle371 OP : Institutional investors were cautious about the last financial results due to trauma, so they did not increase their purchases sufficiently just before the earnings surge. Therefore, it is necessary to decline once, and this time I expect to increase the purchases with a reversal.
おくりびとなジョニー : Wonderful article
Riresa : Since it was at 150 before, general investors sold it in the four months since June.
麦マル : Thank you always for the helpful explanations.
I will go all in on MU and nvidia for long-term holds
In addition, taking into consideration everyone's app feedback and comments, I plan to invest in U.S. stocks with growth potential, sometimes trusting my intuition on certain stocks
Thank you in advance for your continued support