MU on the daily: gap tradeGreen dashed line - 1st line of resistance on the daily.
Blue dashed line - resistance on the weekly
MU
Short book: MU - Topped for now, short towards the 13 handleToday we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').
We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.
Long MUwww.tradingview.com
After the pullback, Micron Technology is ready to long again if you missed the breakout.
MU - MICRON TECHNOLOGY IN UPTRENDMicron Technology seems at the beginning of a possible long term uptrend. Buying the pullback seems a good idea.
MULooking at MU, if I owned it I would hold it. It looks to be at a good spot to get a bounce. RIS and %R very oversold. Some buying volume coming in. Notice the blue boxes on the left? Thats the last time it got this oversold. It did work its way higher. Notice the blue arrow? That may be where you are Today. So, this may go sideways a bit before moving higher. Notice the horizontal dotted red line? That seems to be support. Expect a bounce off of it. So for now, I would be long.
MU: Micron offering a long term long opportunityI like the extended base that formed here, before confirming a weekly uptrend signal, according to 'Time at Mode'.
For those not familiar with the technique, it allows you to read the order flow, track the accumulation and distribution, as well as understand and time the trends present on chart, to get optimal trade entries in any market.
If you combine this powerful methodology, with fundamental analysis, market sentiment tracking, and reaction to news events, you can time entries with great precision.
MU is offering a great weekly long trade here, potential is considerable for this stock, and I'm looking to capture the emerging uptrend I anticipate will take place from here onwards.
Enter longs at market open, if we get a dip towards 10.50 or near that level, add to the position. Risk a drop to $10, for upside well over $14.30.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
MU 6/25/15 retracement targets (Short Term Bearish)Description is inside the chart.
1. H & S short term in....broader H & S possibly forming
2. 1 Qtr.Earnings fell short on DRAM demand slowdown
if you have any question just DM through my twitter (enclosed) or Stocks #GLTA
MU Bull Put SpreadBPS 25/24: May Wk 5 $0.07 limit. May be a little early anticipating bounce of good support at 25.67. A bit of a support/pivot zone from 24.65 to 25.67
MU Earnings Play (Brad Reed Jan6,2015)If MU gaps up, it is a perfect gap n go. If it gaps down, it will be a retest gap. To learn to trade these strategies for free, go to www.RealLifeTrading.com
MU long term predictionPossible change in trend since support has been reached, with a potential breakout once resistance is reached followed by a steady bullish trend.
MU - RSI Negative Divergence and other sell signsAfter a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time.
Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push had larger volume - last 4.5% push had less volume.
If goes below 31.71 i would say the trend change is confirmed with a price target of 29+, where i see a good buy zone should fundamentals stay in tact and no bad news coming out. Closing above 33 and breaking 34 would indicate a break of trend and would violate the idea, but i would expect it to happen on a huge volume and with a large push due to some positive news.
Micron Technology [MU] in a bearish modeFor now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this stock. Unless surprising news, no major catalysts in terms of tech analysis (unless it was a 3rd elliot wave, but i won't bet on it). it is close to a know support level above 20, going below would lead to a possible sell off.
