We now have both the 4 dma and 18 dma both sitting at $10.95 which is what has triggered the price jump in Micron. Just like I have said in a prior post on Feb 1st (below) that MU should reach $13.50 within 9 days.
Check the Investor Village MU message board for the chart.
Actually the upper line of the wedge formation has a much longer line, originating at a much higher price point. The upper line of the falling channel has a different starting price point and is declining at a different angle.
Eventually they will cross.
The fact that MU's price seems to have stabilized and is now marking time in a sideways channel is positive for future peice appreciation.
You do not scare me with your bull ., I could care less
Most self appointed spammers like yourself end up dying from their own self inflicted ailments.
You seek attention and think you are a grandiose fornicator of truth.
Needless to say you will bring your own demise upon your self.
Your post reflects the fact that you live a lonely self dejected life and want others to suffer like you!.
MU needs to move sideways for a couple days and the 4 dma and 9 dma need to move above the 18. Once above the 18 dma we should see a jump in price to the $13.50 level.
MU still has to break above the upper line of the falling channel formation before the upper line of the falling wedge formation can be tested. Once MU's price moves above and closes above these lines, then a new uptrend in price will begin.
MU will need to put in a good solid base to start its run from.
4 dma and 9 dma are both at $10.67 and are moving toward the 18 dna at 11.35.
MU's price is stuck at $10.81 and should make a move toward $13.50.
Go to Investor Village message board for the chart.
That is funny!
I suppose one could adapt a 3 D dimensional equation for calculating future value at a particular point and by a particular time. The equation is fairly simple.
But alas; I use a different equation that takes into account the linear momentum of a stock price along with the probability of the directional price movement for a period of time. As a stock price moves in a direction the probability of a continued move in the same direction decreases and eventually reverses and a new cycle begins.
I believe that the Falling channel is more important at this time.
Connecting a line from 15.93 to 14.65 and extending it out further establishes the lower line of the downward sloping channel at a point just above Fridays close..
Upon doing this, it is apparent that Fridays close was just below that line.
Any movement above the lower line will be bullish.
Drawing the upper line from 19.30 to 18.05 to 14.95 and extending it out gives us 13.50 as the upper line of resistance today.
A break above the current 13.50 level or any subsequent lower level of this line would indicate that a new upward trend may be in the works with 15 as an area of initial resistance.
MU's 4 dma is 2 cents below the 9 dma which is at $10.59.
When the 4 and 9 dma move above the 18 dma which is currently at $11.54 a bullish signal is generated.
Go to the MU board at Investor Village for a chart
MU as of this post has only traded about 19 million shares.
Not sure where you derived 49 million from.
Sentiment: Strong Buy
I see that you mentioned that you were ill.
A few years ago there was a guy on the ODP board that engaged in the same type of activity that you find pleasure in.
Needless to say he passed away.
I find nothing wrong with someone driving a TAXI to earn a living and support their family.
It is not those people that you should be venting your anger against.
If you are mad about the price of the Medallions then you should vent against New York City.
Medallions are like real estate and stocks. Both are based on the value that they can return to the owner.
What bothers me is that you are a paid BASHER.
Your actions may or may not have hurt investors and TAXI.
But in either case your posts are despicable.
Obama will give her a pardon for any omissions or acts of criminal activity.
Then she will appoint him to the Supreme court when she is elected.
First off an electron travels faster then 76.66 miles per second.
And a beam of light (fundamental particle beam) that is not under the influence of a black hole travels at 276,000 miles per second.