$Micron Technology (MU.US)$ asml failed forward guidance. lo...
$Micron Technology (MU.US)$ asml failed forward guidance. looks like if tsm do the same tomorrow, have to expect the fall to next support 118.
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104759525 : 118 ? Really ? Hahahaha
Dato Sri’ Bull : 118 ? your guru teach you this? lmao
101644863 : yup looks like it
The real Honey bee : 100
one9bombrich : You think it's meme stock
pootpoot OP one9bombrich : I don't think is a meme stock but it have already fell off the upper channel. the structure currently is bearish. looking at tsm earning tmr for a clearer confirmation whether to add positions
Gan John : Agreed! All technology stocks will plummet...
104759525 pootpoot OP : Dude , if it’s dropping to $118, all tech stock dead for sure hahahaha
103356508 pootpoot OP : You are talking about MU here!
LeoforDharma : Hi @pootpoot I believe ur right.
1. However, here market makes no sense to dump so much of this stocks, unless it is a shake off by major investors to grab a lot of it. If thats the case, i think that the reverse upward trend will be much higher than what we are are aiming eg 160 or 180.
2. The another reason is that this stock is not paying dividends as high as needed as compared to other tech. Hence the major dump off. Then the lower ends I believe will be in the 90s, as and when Micron start becoming more profitable and pays dividend of 1% at least, it will rise past the 120 again.
I do believe that the 1st option is more likely
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