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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: Donald Wennerstrom who wrote (81484)10/23/2018 8:30:27 PM
From: Donald Wennerstrom1 Recommendation

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The semis for the most part have been on a serious downtrend for the past weeks/months.

On 23 August, a post was made referring to a SA article concerning Micron.

Message 31758539

It was pointed out in the article that Micron broke its uptrend on 6 Aug in the 50/55 range and would likely test a big support level at $36 a share. A chart was included in the post which is repeated here for ease of view. This outlook for Micron was written by a "technician" with no thought of the fundamentals of the company. However, it hurts me to say I have to give the author credit for his "analysis" because it looks like the prediction is "right on".

A chart of Micron shows the descent into that area. Micron traded at a low of 37.41 today. Now it remains to be seen if $36 a share is the "bottom".


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