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MU

THE WEEK AHEAD: MU EARNINGS; EWZ, GDX, USOAlthough both FDX and ORCL announce earnings tomorrow (Monday) after market close, the underlying with the implied volatility metrics I generally look for in a volatility contraction play are present in MU, which announces Thursday after market close. With a rank of 82 and a 30-day of 60%, the 70% probability of profit 39/52.5 20-delta short strangle is paying 1.66 at the mid-price. Since it's been beaten down a bit recently, I could see skewing that setup a bit to the bullish side, and or capping off call side risk via a Jade Lizard (the October 19th 39/49/50 would do the trick -- it's paying 1.13 at the mid with no upside risk above 37.87). As far as non-earnings are concerned, implied volatility is present where it's been for a bit -- in EWZ (rank 99/implied 55) (the Brazilian exchange-traded fund), PBR (88/72) (Brazilian petro), CRON (76/124) (cannabis), GDX (66/30) (gold miners), and USO (58/27) (oil). Naturally, there's also TSLA (69/54), but with earnings in 52, you might as well wait for the full-on, earnings related volatility expansion/contraction ... .
NASDAQ:MU
by NaughtyPines
4
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news). Buy point - I bought at 41.4 but a 43-44 Buy point is good too. Sell point - 50$ or above (depends on the trend and news). Stop loss point - 38$.
NASDAQ:MULong
by Offeck
1
QQQ Tech Sector Possible Bear Positions FB MU NFLXI'm watching QQQ for the possibility of longer consolidation which could give nice opportunity to play some of the tech names bear. At this point I am only expecting healthy consolidation in QQQ, so far I see nothing to indicate a change in the bullish trend. *****I'm using solid trendlines for log scale and dotted lines for linear scale. This should explain why some of the lines may appear wrong in some charts.**** On the monthly timeframe QQQ still looks great. On the weekly, the MACD is showing bearish divergence and is close to a bear cross. RSI rejected from 70. 10MA is acting as support and we have stayed above it since April. 12EMA is approaching to act as support; it has also held since April. Other support levels on the weekly are the last higher low at 178.12 and 175.21 which was the retest of the high from March. Resistance is the all time high. Weekly looks great, just consolidation at this point. The daily timeframe RSI has been bouncing from 40-45 since April. We are currently close to these levels. The 50MA and 55EMA have held since May and price is approaching them. So, if QQQ appears to be strong, why am I looking to short individual names? For the first time, the daily on QQQ has confirmed a close below the trendline that has acted as support since April. Last week the weekly candle also closed below it for the first time; If we close below this trendline on Friday we will be confirming the weekly close below it. This could lead to nice bear entries in individual names that are showing weakness, especially if we can close daily candles below the 50Ma and 55EMA on QQQ. We also need to see either weakness or indecision in SPY. SPY strength could ruin these plays. FB log scale: FB linear scale: On the monthly timeframe we have seen a bearish MACD cross and a failure swing in the RSI after it came down from overbought levels. The 10MA is sloping down for the first time in years. The 12EMA is sloping down and the 26EMA is flattening out. On the weekly we have finally closed below the trendline on the log scale, and bulls will need to show up soon or we will confirm that bearish candle close at the end of this week. At this point we are still holding above the weekly trendline on the linear scale, though we dipped below it last week. I want to see a close below the linear trendline because it aligns with the 26EMA that is still acting as support. Weekly EMAs are starting to look ugly with 12EMA and 26EMA both getting close to crossing below 55EMA for first time ever. After falling below, we retested and rejected from the 50MA. 10/20/50MAs are tangling up/crossing bearish, but 100MA is still acting as support. MACD is getting extended so I would expect a short-term bounce soon, though RSI still has room to go before oversold. Daily EMAs are aligned bearish from top to bottom: 55/26/12. Daily MAs are all sloping down, and the 50MA is approaching a possible cross below the 200MA. Im looking for short entries if we get a short term bounce on the daily timeframe and I will add to my position if we close below the weekly trendlines. MU log scale: MU linear scale: We might have seen a failure swing in RSI because monthly is coming down from overbought and is showing a possible rejection from 70. MACD is on the verge of a bear cross. MA/EMAs still look great on the monthly, though. On the weekly timeframe price rejected from the previous supporting log trendline and is now testing linear supporting trendline. Price is currently under EMAs, and 12/26 crossed bear for first time since July 2016 after retesting and rejecting from them. Price is below 10/20/50MAs. 10/20MA crossed bear, and they are starting to approach the 50MA. 50MA is flattening out. Macd getting extended so we could see a short-term bounce soon. Daily emas/mas look bad. Price is below 10/20/50/100/200 MA. There is a potential bear flag playing out on the daily. NFLX linear scale: NFLX on the weekly closed below 10/20MA and 12EMA. 10/20MA crossed bearish first time in over 2 year. I'm watching to see if this week's candle closes below them to confirm. Many daily MAs have sloped down/tangled up/price has moved below them since the all-time highs. They look worse than earlier this year when we had the pullback in SPY, and worse than the March-May consolidation in NFLX. We retested and rejected from 50ma recently, and I will look to enter short if we approch it, with a stop above 376.81. At this point I am seeing the price action from the low of Aug 17 as an oversold bounce on the daily timeframe. If bulls are going to regain control we will probably need to see a lower high compared to 376.81, higher low compared to 335.83, and then a higher high. However, will be in a short position and will be looking for bears to form a lower high compared to 376.81 followed by a lower low compared to 335.83. MAs on the 4h timeframe have all crossed below 200ma for first time since Aug 2016; 200ma is still sloping up but flattening out. I'm also scouting names for potential long entries. Currently, AMZN and NVDA look nice if I find an entry level during consolidation. I may post ideas for them later.
NASDAQ:QQQShort
by UnknownUnicorn1304866
PANW = WALL STREET CORRUPTION - MICRON IS GOING TO $250.00I just took a look at this garbage company and its bleak earnings release, I WAS SHOCKED AT THE STOCK PRICE COMPARED TO THE MONSTERS MICRON, WESTERN DIGITAL, INTEL AND MANY MORE! PALO NETWORKS IS TRADING AT $220 ... OMG! ... AND ... AFTER HOURS UP $12.00 ON A NEGATIVE EARNINGS REPORT..? YES, THESE STOCKS ARE BUBBLES AND WALL STREET COMPANIES LIKE MICRON SHOULD GO PRIVATE AND STICK WALL STREET WITH JUNK BUBBLE STOCKS TO TRADE. PALO HAS AN E.P.S OF NEGATIVE -2.02 PALO LAST SEVEN (7) QTR'S E.P.S... YES I SAID 7 QTR'S ... ONLY $5.41 IN EARNINGS COMPARED TO MICRON'S LAST SEVEN (7) QTR'S E.P.S ... $13.28 IN EARNINGS AND WHERE IS MICRON'S STOCK TRADING COMPARED TO THIS GARBAGE COMPANY? TODAY'S NEWS FROM THE CFO OF MICRON WAS NOTHING BUT POSITIVE BUT BECAUSE WALL STREET DID NOT LIKE THE COST OF ONE PRODUCT, NAND MEMORY WAS LOWER, THEY CRASHED THE STOCK PRICE MICRON CFO SAID "AVERAGE SELLING PRICES ""INCREASED"" FROM THE SECOND QTR TO THE THIRD QTR DUE TO MULTI-CHIP TECHNOLOGY THAT HAVE BOTH NAND AND DRAM / DUAL TECHNOLOGY ON A CHIP" DAVID ZINSNER / CFO OF MICRON JUST TOLD WALL STREET THIS COMING QTR WILL BEAT ESTIMATES! THE LIST OF GARBAGE COMPANIES GOES ON AND ON, PALO IS NOT THE ONLY GARBAGE "BUBBLE" TECH STOCK! ELON MUSK / TESLA WAS RIGHT, HE SHOULD TAKE THE COMPANY PRIVATE ALONG WITH ALL THE REST OF THE COMPANIES LIKE MICRON WHERE WALL STREET HAS NO APPRECIATION, CLUE OR KNOWLEDGE AS TO THE FUTURE POTENTIAL OF COMPANY PRODUCTS, SERVICES AND MOST OF ALL, TECHNOLOGY. DIRTY WALL STREET FIRMS TORTURE THE COMPANIES LIKE MICRON WHILE CHEERING GARBAGE COMPANIES LIKE PALO. WALL STREET IS NO MORE AN ELITE PLACE TO BE ASSOCIATED WITH! MY AVERAGE COST IS SO LOW RIGHT NOW ON MICRON, WHEN IT GOES TO $250 A SHARE WITH OVER $20.00 IN EARNINGS, I'LL BE A BILLIONAIRE, NO LONGER A MILLIONAIRE! THANK YOU CORRUPT WALL STREET FOR CONTINUING TO OPEN MY EYES AS TO THE CORRUPTION PLAGUING THE FINANCIAL MARKETS AND FOR MAKING ME ONE STEP CLOSER TO BILLIONAIRE STATUS!
P
by UnknownUnicorn3159981
AAPL AMZN NFLX MU Trendline ActionI was looking at stocks on the weekly timeframe and noticed several tech stocks that could be in the late stages of bull moves, judging by the slope of their ascent on the linear scale of weekly charts. I have no idea when this will end, and when it does end I don't know if it will just signal mild consolidation on these individual stocks or more extended pullbacks. I'm just preparing for signals that could indicate nice short swings. Until then, I will not be betting against a raging bull tech stock. *****I use solid trendlines in the charts for log scale view, and dotted-lines for linear scale. If you are looking at the trendlines without their appropriate scale selected they will not make sense. Also, I drew the lines using candle wicks/bodies on the weekly timeframe, so they will appear slightly off on the daily timeframe.********* AAPL has broken above and backtested a log trendline in blue that acted as resistance since Sept 2012, and is now continuing higher. The black uptrend line acting as support for its recent moves has been in place since Jun 2016. On the linear scale, the dotted-blue trendline is the most recent line acting as support on the weekly, and because it is so steep, I will be looking to enter a short if it breaks. AAPL log scale : AAPL linear: AMZN has well-defined boundaries when looking at the linear scale on the daily timeframe. The top and bottom boundaries have been in place since April 2018, and it was never able to close above or below until recently when it closed above but wasn't able to confirm the candle on the following day. Now, it has pulled back with a large amount of bear volume. If we get a close below the lower boundary, I will look to enter short. AMZN linear scale: NFLX gave a great signal for short entries in July when it broke below the steep dotted-blue uptrend line on the daily timeframe from April of this year, gapped below it, backtested it, and continued lower. It still has a nice black uptrend line on the weekly log scale chart that has been in place since mid-2016. I will look for potential long entries if we backtest it. If it doesn't hold, then the dotted-pink trendline on the linear scale could provide a nice entry point for long positions. It has provided support since 2016. NFLX log scale: NFLX linear scale: MU gave a great signal for short entries, but unfortunately I didn't look at the chart until yesterday. The weekly timeframe on the log scale had a broadening wedge that broke bear, retested the trendline, and has since continued down. Currently, it is attempting to hold the dotted-pink trendline on the linear scale weekly timeframe that has provided support since May 2016. I may look for long entries for a short-term bounce from this level since we have an oversold RSI on the daily and 4h timeframes, since the huge volume yesterday could be a climax to indicate a short-term reversal, and since the trendline aligns with a large price-congestion zone from late 2017. I need to see the S&P500 show some short-term bullish action before I can be confident that MU will start a convincing bounce. After that, I will look to enter a small short position on a daily lower high compared to 53.68, and will add to it if we break below the pink trendline on the linear scale. MU log scale: MU linear scale: ******Remember, breaking above a declining trendline is by itself not a good indication to initiate long positions, and breaking below a rising trendline is by itself not a good indication to initiate short positions according to traditional technical analysis. This is because the break of a trendline could just indicate a slowing of a trend, and a previous higher low pattern could still be maintained in the case of an uptrend, or previous lower high pattern could still be maintained in a downtrend. However, combining the breaking of a trendline with other factors (like NFLX's gap down on huge volume or MU's retest and rejection from its previous uptrend line) can give signals for entering positions. For a great explanation of these ideas, check out recent editions of "Technical Analysis of Stock Trends" by Edwards/Magee, Chapter 29 "Trendlines In Action." ********
NASDAQ:AAPL
by UnknownUnicorn1304866
2
MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
[MU] Please CritiquePlease point out the wrongs with this analysis. Arguments of an unforeseeable event are going straight into the trash if they aren't substantiated by anything, like for instance change in sentiment. Argument 1: Past couple of runs have started with touching the support as highlighted in the image above. Argument 2: Past couple of runs have, roughly speaking, started in-between earnings. Argument 3: The stock has had a tendency to make a run, touch the resistance, reverse, retrace(in the reversal) and then run again. Assuming that the behaviour will continue, we should expect the start of a run right now. Note that there is relatively high volume around the 63.42 resistance which would make it a good exit point, Argument 4: MACD is converging which might signal the beginning of a run. With that being said the MACD's last signal was false as it was a retracement. Argument 5+6: The stochastic oscillator is indicating the beginning of a run. The light blue blocky line is the RSI and has bottomed seems to have bottomed considering historical reversals that indicate the bottom to be around 35-40%. Again, critique encouraged. Cheers!
NASDAQ:MULong
by hurryupwithmydamncroissants
9
MU time for a correction (mid term-weekly basis)After an intense rally $MU, on a weekly basis, shows signs of weakness quite clear. RSI actually is flagging up a crude divergence, macd is already in bearish mode and the solid trendline which has supprted the trend so far is almost violated. Volumes are low especially last week where the price touched the mid term trendline (another sign that investors are not so conviced to buy more shares: this latter is confirmed by vortex indicator too).Hence, next week will be crucial, for those who love short positions, it might be a temptive occasion. A first TP is placed at 44,35 dollars, than 38 and a strong support at 36,02 dollars
NASDAQ:MU
by TRADOMICS_
2