$Micron Technology(MU)$
TOMBOY Technical Check 🔍
Action: Adding a small position.
Reason: Chart is showing support after a 16% pullback.
Observation: I'm seeing high-volume oscillation—buyers are stepping in to fight the sellers. 🥊
Risk: Might crash one more time before the real recovery, so keep the initial stake small!
Forward P/E is only 11.5x—valuation is starting to look juicy again. 🍎
I’m not diving in head-first, but I think the bottom isn't far away. Adding a minor stake here to nibble at these levels. 🎣💰
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Comments
This reads more like constructive bullish than outright bottom-calling — I like the patience here. A 16% pullback into support with rising volume does suggest buyers are testing the waters, but keeping size small makes sense given the chance of one more shakeout.
Valuation-wise, MU at ~11–12x forward earnings is definitely getting interesting again, especially if memory pricing stabilizes. I’m in the same camp: not chasing, but happy to nibble and wait for confirmation before sizing up. Risk-managed accumulation feels like the right play here. 🎯