Micron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the...
Greetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities. As an...
We expect that the price will retest the upsloping support one more time, which would be the entry for the long position. From there we expect the price to go higher and retest the resistance which is the upper boundary of the wedge and it would be the final target for long.
NASDAQ:MU bottoming pattern that broke trend line. Looks very bullish. waiting for consolidation for a starter position.
- MU has broken through the ceiling of a falling trend channel in the medium long term. - MU is moving within a rectangle formation between support at 59.43 and resistance at 64.83. - MU has given a positive signal from the rectangle formation by a break up through the resistance at 63.13. - The stock is testing resistance at 64.00. - Overall assessed as...
NASDAQ:MU Very nice looking bottoming pattern. Close above 65 on a weekly basis would be very bullish.
NASDAQ:MU continues to reject the line, hasn't made a move similar to AMD or NVDA. This one is seriously lagging.
If you haven`t bought MU on my last signal: Then you should know that looking at the MU Micron Technology options chain ahead of earnings , I would buy the $60 strike price Puts with 2023-5-19 expiration date for about $3.60 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your...
$MU has been trading in this range since weeks but recent price movement was extremely bullish which may result in a breakout of this range and so printing new highs. I will keep updating this so make sure you follow me.
MU has shown some great double tops and here are three examples, each with their own red arrow I expect price to retract to the strong trend line , rather than form a support at the previous double top line. Just a small breakdown but one to be noted.
Semiconductor company Micron Technology (MU) just announced it will cut 10% of its workforce in 2023 as it braces for revenue to drop more than 50%. Micron's revenue is not the only thing at risk of dropping next year though -- its stock price could be starting what may ultimately end up being a years-long descent. The above yearly chart (also reproduced below)...
NASDAQ:NVDA as shown on the chart with a strong day before the Thanksgiving Day break. Will others in the semi-conductor sector follow ?
Looking at the MU Micron Technology options chain, i would buy the $50 strike price Calls with 2022-10-21 expiration date for about $2.81 premium. Looking forward to read your opinion about it.
• MU is reacting this week, but the trend is still bearish; • MU is doing lower highs/lows, and in theory, it is seeking the next support at $46.23 (red line); • Could MU bounce from here? Yes, and this week is doing a bullish reaction, but it must close above the $51.30 again in order to recover to the $58 - $60 area again; • By closing above $51.30, MU will...
NASDAQ:NVDA NVDA on the daily chart appears to have formed a flat top triangle with the trendlines drawn onto the chart. Price appears to be falling outside the ascending support line before upcoming earnings. Will NVDA rise to regain support or breakdown further?
Micron Technology Short Term We look to Sell at 66.59 (stop at 70.43) Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish. Choppy price action seen. Selling spikes offers good risk/reward. Our profit targets will be 52.19 and 41.09 Resistance: 66.00 / 75.00...
AMEX:SOXL This chart strives to setup a trading plan where the SOXS and SOXL are oscillated. They are 3X leveraged ETFs with great range. SOXS was up 400% YTD at its peak. The new CHIPS ACT is a catalyst for US semiconductor manufactures Right now the ratio is on a downtrend, meaning Sell SOXS or BUY SOXL or a combination of each. I believe that this...
NASDAQ:NVDA Fundamentals- CHIPS in effect booms economy for NVDA as the USA tries to diversify from Taiwan semi-conductor dependence while China looms large Technical: Earnings coming ascending trendline with increasing relative strengh. Sitting on the support of the POC of the volume profile.