Microntechnology
MU Completing Long-Term BottomMU weekly chart shows a bottom completion underway for MU as it recovers from a 50% decline last year. The stock is showing some underlying momentum from large lot hidden activity.
MU Bearish Bat PRZPattern invalidated if price rises above the X point so the stop is just above it.
MU Island topMU has formed an island top the price may come to a reversal at the 1 fib level due to this formation. Maybe a rounded top? Possibly my favourite chart pattern so far.
MU before EarningsPhenomenal technicals for MU right before earnings release tomorrow. I used to trade this stock in the past, always loved its performance.
Stock is consistently creating higher lows and higher highs. 10 out of 10 indicators check out bullish. Stock is likely to break the ATH once again post-ER.
Before the ER it would be great if MU would close the gap created yesterday to allow for smooth sailing through the upper trend line seen on the 'monthly' below.
MU Forms Symmetrical TriangleA short-term triangle is underway for MU as it hits heavy resistance from previous monthly highs. The candlestick patterns are indecisive.
Micron Technology MMHVWI - looks like composite operators have completed accumulation. Potential 31% move in the makings.
MU in Trading RangeMU is in a Trading Range pattern at a new high, and is moving with some High Frequency Trader activity to the downside recently. This stock is heavily traded by Retail Traders.
$MU Is A Buy On Dips To $40$MU selloff looks to be overdone in our opinion. Other analysts agree with this assessment.
Needham raised its Micron (NASDAQ:MU) target from $50 to $60 after Micron's earnings report.
Taking note of Micron's downside gross margin guidance - attributable to the excess NAND inventory and related pricing - Needham nevertheless sees several upcoming catalysts for the memory cycle, including 5G and a normalized supply/demand.
More action: Piper Jaffray raised its MU target from $36 to $46, but notes concerns over NAND supplies and ASP pressure.
More action: Rosenblatt jacked its price target to $80 from $60.
Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer SSD markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
As always, trade with caution and use protective stops.
Good luck to all!
MU Under Dark Pool Quiet Rotation™MU is in a Trading Range pattern at this time. The compression of that candlestick pattern in August is showing signs of heavier Dark Pool Quiet Rotation. The large lot long-term investors are slowly lowering inventories on MU over many weeks, and this increases downside pressure.
MU Professional Trader ActivityMU frequently is on Retail Guru recommendation lists. This triggers Professional Trader activity. MU action is often led by Professional Traders’ setups, and at times these trigger High Frequency Trader action ahead of market open.
Micron Short - Rising wedge pullbackMicron (MU) has had a monster run, now it looks time that the longs will take profits.
MU is in a rising wedge and has shown a high degree of excess exuberance, i would be looking at either taking your long profits now and wait for a pullback to the 9 ema, or i would look for a short trade with the same target in mind.
Personally i would favor the latter as the broader market also looks set for a sell off (i talk about hedging SPY also) and given micron has quite a high relative beta, this should drag MU down also.
MU Faces Resistance After Momentum Run out of Basing BottomMU retested its bottom lows; it will find support at a higher level after reaching above the top red line drawn on the chart. The Basing Bottom created sufficient hidden momentum as the stock gapped and ran vertically up to resistance.
MU watching Semi's this week with G20 newsMU has been beaten down for far too long - considering the amount of cash they make.
RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2.
Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's.
Patience with MU from my experience - So volatile with memory news with every little concern feeling like blows to the gut - most of which is overplayed IMO - as is a lot of things with the market I guess!
GLTA
$MU to the moon. The semi business has bottomed! LONG TERM TRADE. ONLY FOR THE PATIENT.
On Thursday, $AVGO (Broadcom) earnings call called for a bottom in the semi business in Q2. With that being said, $MU is looking like a good setup for a long term swing trade. In December, we see micron bounced at $28 and rallying to $43. Now we are currently sitting on the 9 day avg line (1 week time frame). I have chosen the 1 week time frame to show you the close up price action. If we look at the monthly time frame, we see the Ichimoku cloud showing we're still in a bullish trend (above green cloud).
What to watch (1week time frame):
-Watch for price to hold above 9 day avg line or 26 day avg line if falls below (shown above).
-Micron will be reporting earnings on Wednesday after market close. I believe it will pop but staying cautious.
This is an analysis, not an investment advice.
Micron Technology is one to watch undervalued based on current price below its cash flow value and it’s level of debt is just 11.9% which compare to its networth is satisfactory.
MU: Potential Double Top for -35% When is it a double top versus a channel? When current price action is an incredible 1.786% extension of the AB leg and the recent tops demonstrates a negative divergence with the MACD. Breakdown from the neckline will imply a downside price target of $30, -35%.
Autonomous Trading CEO Warns on Micron Bear Market and CrashJunk rating $64
Wall Street upgrades to $110
MU nearing resistance at $41/$42MU would be a good short between $41 and $42 as it bounces off of the top of it's id-term downward channel.
MCHP looking very BullishBullish pennant, tk cross, and kumo twist. RSI is looking ready for an uptrend as well. price has confirmed uptrend by passing cloud. Buy some shares and watch it closely on larger time frames to ensure its good to hold
MU Daily Look Gap Located similar to BABA nearly exact... Trendlines Fibs and Gaps. Wave T would work too
