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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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To: Sam who wrote (76690)8/14/2017 10:50:12 AM
From: Return to Sender2 Recommendations

Recommended By
Sam
The Ox

  Read Replies (1) of 95530
 
I think MU is good for a run up to 31 or around there before it may run into resistance at former support. That is the upward trend line that shows on both the daily and weekly charts. If MU can blow through that which personally I feel is fundamentally supported then who knows how much higher the stock could trade?

But those trend lines can be really difficult to blow through.

Time will tell.

Cyclical top?

Unlikely until the Fed inverts the yield curve.

Regardless the SOX has been in bear markets numerous times without the yield curve being inverted.

MU has had at least 5 bear markets since the 2009 market bottom:



Numerous opportunities to buy and sell the stock.

RtS
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