Micron is giving another long entry chance

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Micron is giving another long entry chanceMicron Technology, Inc.BATS:MUChipsnCheeseSemicon correction has been very nice for bringing the extremely elevated RSI down to levels where the next move can begin. From Elliot wave perspective, we have 1 more cycle left for Micron to achieve 1500 levels by August/Sep timeframe. The correction of last 10 days also looks to be complete and has given a good opportunity to initiate longs. Good buy.