Micron Technology Inc Outlook

MU drop to fibonacci 23.6 after failed to hit double top. if support zone able to hold bearish movement bullish target at 32.48 . But if this level break down, next bearish destination are 18.53

if we look at fundamental analysis,
Last earning MU beat estimation with 2.19%,
while profitability and growth data :
Operating Margin %19.16, Net Margin %14.66, ROE %19.02, ROA %8.62, ROC %18.45
and 3-Year Revenue Growth Rate 11.70 with PE ratio 12.93.
overall MU performance score 7/10

Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis and fundamental analysis.
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