The odd thing about charts is that an inflection point can be identified and an event occurs to cause a price change at the same time.
Sentiment: Strong Buy
MCHX is about ready to break out above the 150 sma. Buy now.
I am sure Anderson is not pleased that the company couldn't hide its earnings for just another quarter. Shoulda blown $5 million on remodeling HQ or something.
With real management BAMM would easily be over $10.
Never buy a Southern family majority owned company because you the stockholder will never make money.
Sentiment: Strong Sell
So yes, Micron should be a sub $20 stock- NOT. These short sellers hopefully will be burned badly.
The gap started at 10.24 several weeks ago. The recent gap at 9.33 is overcome by this. Intermediate gaps don't count. Just another imbecile.
Should now move higher.
Breakaway gaps don't get filled for 4 months to several years. If you are short, cover now is prudent.
Should jump again. Awesome earnings, financials, and future.