Micron
MU Micron Finally set up for new All-Time Highs and Mark-upMU has reclaimed the high trend lines in the overall uptrend and price target projections are projected in price and period of time expected highs can be reached
Long Upon Completion of Retracement WaveNASDAQ:MU
Micron is on Flat Retracement Wave.
If the wave were completed around / slightly beyond end of wave A, it is confluence with
Fib 123%
Supported on Point of Control (Volume Profile Analysis)
It is then potentially ride its next impulsive wave to challenge the previous swing high (TP).
MU AnalysisWill the open MA's lead to an upward breakout out of the rising wedge?
Or will the technical patterns ( rising wedge ) favored outcome arise? Bearish .
Personally I'd follow the Technical Indicator's assessment
MU Wave 5Micron Technology Inc. (MU) broke out of wave 4 consolidation. Bullish engulfing candle with an association of high relative volume is key signal this a true breakout. Indicator confirm breakout with cross in StochRSI, TMO, and daily squeeze breaking out. Prior to breakout, Micron held the 21 ema with a hammer candle. Earnings at 1/7/21, so look for run up and momentum continuation.
MU Bullish week prior to earningsMU - With the upcoming earnings this week, we may see the continuation on the upside. Expect a small correction (retest $75.5). Over $75.8 for a call.
AMD Sympathy Play?MU crossed the 20 day MA within the Bollinger Bands, and it looks like it has some room to run if we can break 50.21.
MACD signal line also gives us an indication we may have an opportunity to buy.
Possible entry point ~48 or ~50.
MU UpdateNASDAQ:MU
Hi all, MU is still inside a consolidating triangle, so I am not looking for a breaking to ATH's yet. MU next target is 49.20, but if it can't break the downward resistance, it will likely retest 43 range. As long as MU stays above the upward support, the target is 49. Further analysis and thanks to my followers for keeping me up to date
MU: Micron Keeps Moving Up - Possible TargetsMicron chart keeps rallying towards its earnings day on 09/29/2020 (confirmed). Trading at $47.80, the price is close to its second target of $48.13 (50% Fib level). Potential higher targets are at $51.46 (78.6%) and $54 (100%) levels.
Scenario analysis: ADP employment numbers to be reported on Sept 3rd may help with further short-term price advancement, if positive. However, September has been a volatile month historically. A broader pull back in major indices is possible between next week and end of this month. If such correction occurs, MU chart may pull back as well, possibly down to $44 level, to resume its rally toward price levels above $50 with general market move higher in October - November time frame. If MU chart makes its way to $51 level before the earnings, that could be a good opportunity to book the profits and reassess possible price movements at that time.
MU: SOXL: Micron is Moving HigherMU: Micron has started its rally toward Q3 - next earnings season. The chart has reached $45.06, its 23.6% Fib retracement level, which may serve as near-term resistance, or consolidation zone before its next leg up. Momentum has turned positive as MACD has crossed to the upside on all time frames. There are two unfilled gaps below, at $43.76 and $42.68 levels. Next possible targets for the move higher are $48.13 (50%), $51.46 (78.6%), and $54 (100%). Pull backs on the way up are possible and are likely to represent a buying opportunity.
MU ReversalNASDAQ:MU
Per the chart patterns, I see MU making a corrective move this week to fill the gap it left behind at the 48.30 level. Look for a bounce off of that PT. Follow for ongoing analysis.
TIME TO JUMP ON MU NASDAQ:MU
As per my previous analysis, MU did exactly as expected and filled the gap at 46.80 and hit support at the $45 level. Now MU has settled at a support line established during the flash crash of Christmas 08. Nothing screams BUY MU like this setup.
Feel free to follow for ongoing analysis
MU to fall a little further before buy opportunityNASDAQ:MU
MU broke through the channel I drew and the stock appears to be heading towards major support at $45. I will consider this my entry point for calls. I think this a great stock that doesn't get the credit it deserves. I'd like to see this stock head to $60 again by year end.
MU - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
This would be a great Buy Opportunity, IF NASDAQ:MU breaks up the Daily Resistance line at $52.71 (with a whole Candle) !!
Bullish Charts - Golden Cross Soon, Possible BuyoutMicron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
At current levels, I feel Micron is undervalued and unappreciated.
There are not many devices in the technology industry that do not need memory and storage. Micron can supply the memory and storage from electric vehicles to computers and spaceships to airplanes. Almost everything today needs memory including appliances and smart homes.
Micron just posted earnings and they blew past Wall Street estimates and then the company raised guidance and forecast higher earnings and revenue moving forward.
Currently, on the Daily Chart, the following indicators are Bullish...
Volume, Bullish
MACD, Bullish
RSI, Bullish
Accumulation, Bullish
Sector, Bullish
PMO is turning up, Bullish
On June 30, the 50-Day MA crossed up above the 100-Day MA, Bullish
As of today, the 50-Day MA is less than a point away from crossing up above the 200-Day MA, Bullish
Here are the indicators...
6-Jul-20 50.92
▲ Mon MU New York
6-Jul-20
50.92 Bullish Kijun Sen Cross Strong
27-May-20
49.45 Bullish Kumo Breakout
26-May-20
45.80 Bullish Chikou Span Cross
4-May-20
44.46 Bullish Senkou Span Cross
In my opinion, I think Micron is the best play in town and I also think it's a buyout target. If I were the CEO of Microsoft or another large tech giant like Apple, I wouldn't even think twice about trying to buyout Micron because down the road, everything will need memory and storage to operate.
If Micron is bought, I think the buyout would be upwards of $120 per share.
This was from 2016 and in my opinion, Micron looks better now than ever before... If it looked good in 2016, it looks amazing now!
Chipmaker Micron Gains with Speculation It's a Takeover Target
www.industryweek.com
Long!
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MU Rising WedgeMU Idea
A clear rising wedge has formed between the dominant trendline and another trendline below this line
A inverse H&S has also formed with a possible right shoulder already printed, a possibility that it is a fake and another will be printed as a result of the rising wedge.
MU beware of a possible Double TopOn long term, beware of a possible double top which the price offered, aprox 60 usd! If the double top is complete )falling under 30 usd), which is a reversal trend sign, look where the price might fall, near MA200 and fibo level.
Semiconductors anyone??Cup and handle on the daily for Mu and weekly for Intel. This is a very bullish and often very successful chart pattern. Go long buddy!
