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Technology Stocks : Micron Only Forum

MU 237.40

+8.9%

3:59 PM EST

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To: tech101 who wrote (53783)	2/13/2007 2:38:45 AM
From: pcyhuang	Read Replies (1) of 53903

Interpretation of MU's Fibonacci Dynamics stockcharts.com When I use the Fibonacci tool together with other indicators, I think that MU has a good chance to see this year's low around the current 12 - 12.50 level. The false breakdown of the lower band of the Bollinger Band could mislead one to think that MU is due much lower. Also, look at the RSI and % Williams indicators, the current condition is very much similar to that in April-May, '05 when MU was a multi-year low and was at extremely oversold levels both in terms of the RSI and the % Williams indicators. pcyhuang

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