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Websim Analysis, December 10, 2021: LONG MU

Micron Technology has announced that it will open a new memory design center in Atlanta, Georgia, in the Midtown area. Going into operation from January 2022, the new center will allow Micron to access the area’s engineering talent and allow it to shape increasingly advanced memory systems. In particular, the company aims to forge strong ties with universities such as Emory University, Georgia Tech, Morehouse College, Spelman College and the University of Georgia. The new Atlanta Design Center will have up to 500 highly skilled jobs. Also in recent days Cowen and Company has raised the target price from $80 to $99.

Micron Technology [MU.O] rose to $85.1 in pre-trading (+0.5%). Yesterday, it closed at $85.83 (+0.2%). Micron Technology’s intonation remains positive, which after a strong rise up to almost $90 has started physiological profit taking, returning to support at $80. For those who had already holding the stock, we see no reason to exit and we confirm the target at $90 and then, on a break of this level, to the all-time highs of $97. It should be noted that, despite yesterday’s weakness on the Nasdaq, the stock held up well.

We recommend going LONG on the stock by buying the Leverage Shares Micron Technology 2x ETP (ISIN: IE00BKT66K01) with an increase in exposure on possible decreases towards $80, with a short-term target towards $90 and later, in case of a breakout, at $97. Alert/stop loss should be below $77 (closing daily).


The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the « recommendations » in current legislation and does not represent a « solicitation to invest » pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.

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Violeta Todorova

Senior Research

Violeta a rejoint Leverage Shares en septembre 2022. Elle est chargée de mener des analyses techniques et des recherches sur les actions et macroéconomiques, fournissant des informations importantes pour aider à façonner les stratégies d’investissement des clients.

Avant de rejoindre LS, Violeta a travaillé dans plusieurs sociétés d’investissement de premier plan en Australie, telles que Tollhurst et Morgans Financial, où elle a passé les 12 dernières années de sa carrière.

Violeta est une technicienne de marché certifiée de l’Australian Technical Analysts Association et est titulaire d’un diplôme d’études supérieures en finance appliquée et investissement de Kaplan Professional (FINSIA), Australie, où elle a été conférencière pendant plusieurs années.

Julian Manoilov

Marketing Lead

Julian a étudié l’économie, la psychologie, la sociologie, la politique européenne et la linguistique. Il possède de l’expérience en matière de développement commercial et de marketing grâce à des entreprises qu’il a lui-même créées.

Pour Julian, Leverage Shares est une entreprise innovante dans le domaine de la finance et de la fintech, et il se réjouit toujours de partager les prochaines grandes avancées avec les investisseurs du Royaume-Uni et d’Europe.

Oktay Kavrak

Head of Communications and Strategy

Oktay a rejoint Leverage Shares fin 2019. Il est responsable de la croissance de l’activité à travers des relations clés et le développement de l’activité commerciale sur les marchés anglophones. 

Il a rejoint LS après UniCredit, où il était responsable des relations avec les entreprises pour les multinationales. Il a également travaillé au sein de sociétés telles qu’IBM Bulgarie et DeGiro / FundShare dans le domaine de la finance d’entreprise et de l’administration de fonds.

Oktay est titulaire d’une licence en finance et comptabilité et d’un certificat d’études supérieures en entrepreneuriat du Babson College. Il est également détenteur de la certification CFA.

Sandeep Rao

Recherche

Sandeep a une longue expérience des marchés financiers. Il a débuté sa carrière en tant qu’ingénieur financier au sein d’un hedge fund basé à Chicago. Pendant huit ans, il a travaillé dans différents domaines et organisations, de la division Prime Services de Barclays Capital à l’équipe de recherche sur les indices du Nasdaq (plus récemment).

Sandeep est titulaire d’un master spécialisé en finance et d’un master en administration des affaires de I’Institut de technologie de Chicago.

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