Yeah...a business that is making money, growing the market, and delivering on new products won't attract new buyers. OK. You do know that there are a lot of people out there...right? People who don't own MU at the moment?
That is not answering the basic question, you need buyers to drive up the price. If everyone who wants to buy has bought. who's left to buy? With no buyers this will remain stagnant. Everyone is cheer leading again. Market is over bought again. We may see a pull back. Don't know how much but seems this thing has run up over 3 dollars in a matter of days. History tells us MU never
gives without taking some back.
Ah...how about making money, growing the market, and delivering on new products? You know...stuff that businesses are suppose to do as their reason for being? How about that? Just a thought.
If that's the case and the rest of the street has done so, what's going to drive this higher for now?
Not short, just a thought.
"hope he went away! Ciao walliwilli."
[Just another day of stocksgirrl being wrong. Even a dim bulb like you should have been able to figure that out by yourself.]
I have not tried the RSI 8, stocksgirrl. I am so used to the RSI 2, and it works for me most of the time, but I also look at the RSI 14. I use the RSI 2 for short term trades. I have also heard of some people using the RSI 4 and RSI 5. I guess whatever works for you.
Micron this time next year will trade between &55 and $70 and then head to $100
Sentiment: Strong Buy