MU is in breakout mode above a horizontal trend line; tomorrow's earnings report will determine if it continues higher or fails as a fake breakout.
Jump to any passage
Now, what would create the semis and tech to go higher this week? Well, guys, look no further than tomorrow's earnings report with Micron. That is what I anticipate that could move the needle if we have a a robust report, which I anticipate to to occur. It's just how good is the guidance going to be.
So you see how critical tomorrow's earnings report is going to be for Micron as well as these other stocks that are involved in memory plays uh in the market. So this is going to be a key critical earnings report for either a fake breakout with price plunging back down to the bottom of the parallel and Sandis or us continuing to move higher and lastly into Micron.
You see here I've got a whole bunch of uh TA on the chart, but most importantly price is maintaining above this horizontal trend line designating much like SanDisk, we're in breakout mode for right now on Micron, but that all can change with an earnings report tomorrow.
So, we got to be paying close attention to that tomorrow.
Watchpoints
What this channel has said about $MU
Verified Investing has 5 calls on this stock; only the adjacent ones are shown.