Micron analysis after Q3 Earnings ReportMicron Technology, Inc.BATS:MUFbnfranco After Microns amazing Q3 earnings report there has been a lot of bullish sentiment resulting in parabolic post market movement. A lot of that is due to Micron's revenue skyrocketing to a record $41.46 billion beating the analyst consensus of $35.69 billion with EPS in at $25.11 which crushes Wall Street estimates of $20.49. Amazing on all accounts but is it possible the ship has already sailed for Retail? The intrinsic fair value for Micron would be around the ballpark of $200 which means the stock is currently trading at a premium of ~425% over its valuation. Now let's take a look to see how today's news affected the charts. This is where we currently stand on a daily TF. Currently we are seeing HHs and HLs showing continued bullish movement in the stock price. With today's news we should be looking at a continuation in that movement but there are a few hiccups to take into consideration: 1) There is currently an RSI divergence in the overbought range showing slowing momentum prior to earnings. 2) On the 1H TF the post market movement still didn't make a new HH it closed right below the previous HH keeping the possibility of a double top on the table. 3) Micron has already made an incredible bull run in the past year. Micron stock price on this day last year was ~$128 which is a difference of over 719%. There hasn't been much retracement in this run leaving little support for price to rebound from. There are a few sticky points to be weary of when investing into Micron the biggest being that we might already be close to the end of its bull run. It's very possible to enter a position and see good returns from this stock for the foreseeable future but for how long will it last? That is not certain. If for whatever reason stock price doesn't make a HH and stalls keep an eye on if it pullsback past $991.18 it would create a LL and a possible reversal could take hold. In Conclusion, I expect Micron to continue its bull run but I wouldn't consider it a long term investment at this price premium. When the correction occurs in the future that would be the time to add this stock to the portfolio.