Friday, June 27, 2008

MU - Intraday - Buy Signals

Earlier in the month I said that semiconductors would go into consolidation and one should accumulate. The chart I posted showed the area in which to accumulate, and the price has recently descended beyond the price targets but is at a support line. The intraday charts is oversold and a bounce is due. Pollux Technicals strongly believes this is an area in which to buy MU.

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