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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (78487)

1/10/2018 12:31:32 PM

From: Elroy

Read Replies (2) | Respond to of 95609

Not to quibble but I think the support case for MU is in the lower 30s,

I will quibble.

I think you mean to say that your chart analysis tells you the support price for the underlying entity is in the lower 30's. Your view has nothing to do with Micron, and nothing to do with the real world, it is just your take on the chart you posted.

Is that correct?

If charts told you anything about prices, why wouldn't others use charts to tell themselves the same thing that the chart tells you, and trade in front of you, thus making the chart useless...to you?

Charts.

Whatever.

SIMO is down $6 today! What the hell is going on?

To: The Ox who wrote (78487)	1/10/2018 4:15:35 PM
From: Donald Wennerstrom	3 Recommendations Recommended By bigchad Return to Sender The Ox Read Replies (1) \| Respond to of 95609

Investopedia didn't limit their downside to 35, they said the mid 30's and it was possible to break through that level and go down "further". All of this postulating of course is "purely" based on technical reasoning, no fundamentals are allowed in this type of analysis. There are technicians and fundamentalists and "never the twain shall meet". Micron was able to recover a little today from yesterday, but it was rocky going at the start. The close yesterday was 42.97, and this morning in the 1st 5 minutes the trading covered the span of 41.39 to 42.49(1.10 spread) with 4.8M shares traded. Micron closed the day at 43.29(0.32 gain for the day). This was done on a day when the SOX went down -16.35(-1.24%).