leader laggard
$NVIDIA Corp(NVDA)$
the fed is also contributing to the rally by its dovish stance inspite of resilient inflation. oil is on the rising trend. when oil is above $80, stocks will waver.
the overall sense is that mu will continue its retreat after the last burst effort to reach the 1.618 Fibonacci retracement level. there are many gaps below. observing the pnf, it might retrace to 80 before trending up again.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci@TigerStars @TigerWire @koolgal @Asphen [Happy] [Salute]
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what is your target price on MU?