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MU

MU seems poised for a major upside move...Again!So MU has been insane this year and has been one of my most profitable picks, however, I try to limit greed and sold when my stop losses were triggered, seeming like a decent move for opportunity cost. However, something big here seems to be forming. Looking at a logarithmic chart on the daily time-span, we see a fantastic channel forming. This stock looks poised for another major move upward. Minimum profit target of $50, but that's if it hits the middle of the pitchfork. In reality, don't be shocked to see 57 or 60 by next earnings. MACD seems like it's about to move bullish again on the daily as well. On the shorter time frame (30 Minute), ichimoku is looking good, as well as a positive 5-day Moving Average. MU is above its yearly VWAP and so if it gets above 45.50, I think we could see a nice move from MU, a very profitable one. Keep this one on your watch list guys, the volatility in MU mixed with the undervaluation (and yes, this stock is ridiculously undervalued) means major gains could be heading into our pockets.
NASDAQ:MULong
by croganm
2
$MU Bullish Flag ? if breakout off the upper channel, target $58My first Idea, please be nice :) Noticed that $MU is forming a bullish flag (or maybe pennant)... Although it is not a perfect flag, it's still interesting. I will definitely buy if it breaks out of the upper channel with good volume. Convergent indicators: 1. Bounced off the 200 MA 2. MACD crossing 3. Bounced off the strong support at $39.10 Neutral indicators: 1. RSI very neutral Divergent Indicator: 1. %R is high With the same height of the flagpole, target price would be around $59. Added: ER is coming up. $AMD, $AMAT, and $NVDA all beat. What would $MU do? And what would the price do? ;) Chris
NASDAQ:MULong
by ChrisLan
2
Micron's Strong RallyMicron updated guidance for Q2 and now expects revenue in the range of $7.2B to $7.35B from prior guidance of $6.8B to $7.2B and of consensus estimates of $7.02B. In addition, the company expects EPS in the range of $2.70 to $2.75 from prior guidance of $2.51 to $2.65 and consensus estimates of $2.57. The business couldn't be stronger and while recent volatility in the stock market had taken MU under $40 at Monday's close it looks to have made a double bottom. Looking for MU to continue to rally, however the market is in control here and a continued downward trend will derail the recent move.
NASDAQ:MULong
by gthom9
MU - Is it just a meme?If you randomly picked a few readers of r/WallStreetBets, they'd probably tell you all about Micron (MU) & AMD and how they have fantastic potential. Focusing in on MU: is it going to live up to the hype? From a technical analysis point of view, I'm inclined to agree! A very textbook flag/triangle pattern is forming - these patterns are generally trend continuation patterns. The semiconductor industry is booming. MU put together a very impressive sequence of earnings beats. All in all, I believe we should see a breakout very soon!
NASDAQ:MULong
by dvdgege5
1
Market Pullback in Coming, Be Careful!If any of you guys have seen my last post about the NASDAQ, I showed a couple retractments I thought should make us all very weary. Well, I'm here to share another interesting piece. It's obvious the normal graph of the NASDAQ has no long term support or resistance. It's impossible, too much compounding going on. However, using the log feature in order to limit compounding, We see a BEAUTIFUL channel that has formed within the NASDAQ. This has nothing to do with Trump or Taxes, this was a 100% EXPECTED move. However, it is obvious the move has run it's course for now. Obviously the channel is still up, so like I said in my original post, we're still in a bullish market. Expect a pullback though, and use this to help optimize profits. Speaking of which, $AAPL earnings failure will help confirm this top, and I think by now the news obviously points to an earnings failure. Optimize and be smart!!!!
TVC:IXICShort
by croganm
2
Micron Holding SupportMicron Technology (ticker: MU) is one of the largest manufacturers memory and storage solutions. The company is currently benefitting from a significant uptick in demand for its products and has seen an explosion in revenue and profits in recent quarters. Due to our technology loving society data usage, and therefore storage, has been growing off the chart. These are some massively bullish trends. Looking at the chart MU seems to be holding at its floor of support. Watch for the stock to rally back to its all time highs in the coming weeks.
NASDAQ:MULong
by gthom9
2
Micron Strong Buy for 2018 (Great Buy In Opportunity)MU took a 5% hit today with AAPL as it is a big Apple supplier. Apple has had some issues recently about iPhones slowing. Anyway, Micron recently had solid earning reports. Seeking Alpha considers $48.2 a fair market price. Most analysts have put a target of $60+ on Micron. The stock had a 101% growth in 2017. The semiconductors market is going to be a lot more hotter than it was this year. This one is a keeper for 2018! Today is a good opportunity to buy. For risk management, I recommend opening 60% positions now and waiting to open the remaining 40% tomorrow if market conditions are favorable. Trade safe, good luck!
NASDAQ:MULong
by Jefe
5