Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: The Ox who wrote (86230)	1/8/2021 12:52:22 PM
From: Return to Sender	4 Recommendations Read Replies (1) of 95616

MU is forming a doji on its chart today. I agree that there could be a period of consolidation ahead. The stock is overbought on the weekly chart. In addition the monthly chart shows the stock entering overbought territory. Might stay there for a while though depending on a lot of factors. As I look at the longer term charts it is clear that Sam has been right about everything that he has expected. He might very well be right now too. Market conditions are still extremely favorable despite overly bullish sentiment. MU has overly bullish sentiment as well as seen by the analyst recommendations. Where we are at right now in the market reminds me of early 2000. By March of 2000 many of us were still trying to add to positions in stocks that became falling knifes. MU might rise to triple digits for sure but right now the market is at much more risk than it was 8 or 9 months ago. RtS

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