MU
$MU vs $AMD*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing $MU for the past few months. After consolidating in the $74-84 range for the past few weeks we finally believe that $MU is ready to take its leap to go past $100.
$MU is a semiconductor company much like $AMD. With this being said investors should expect these two to uptrend similarly short-term along with other semiconductor companies.
For long-term investors $AMD is the chip tyrant that will most likely dominate its competition, but that doesn't mean that we're not going to show $MU some love in the meantime.
We entered $MU this morning at $79.36 and plan to take profit 1-2 months from now at $104.
Entry: $79.36
Take profit: $104
Stop loss: $75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
SMH about to breakoutSMH (the Geek) was resting in the small 4 day week moving laterally but was ready to breakdown on Thursday. But the jobs numbers on Friday being moderately light vs expectations made one more month of positive news for the market signaling "transitory" inflation. That was the turning point as mentioned in my last weeks report. An engulfing candle on Friday and an uptrend MACD makes this extremely bullish. After Fridays action, I see Geek moving higher as 3/4 of the stocks in the group got pummeled way under 21 day ema. This put those stocks this coming week trading above 8 day ema at least. Its possible that it can rest here for a couple of days as well.
MU LongMU seems to be pushing through moving avrg, and IH&S seems like it can push up to 90+ within a week or two.
$MU - Mid June Call Options Fib retracement and extension levels for $MU.
Just finished long downtrend and looking to continue wave 3.
Labeled entry and exit points accordingly.
MU nice inside day last FridayMU nice inside day setting up for a buy through 86.50 off this major trendline.
MU Triple Top inside Triple TopI like the price action for a bearish play on NASDAQ:MU . This morning spiked to make a local triple top which is also creating a Daily timeframe triple top.
This is a good example of using Multiple Timeframe Analysis as I talked about in my last video idea, linked below. We are using a short term timeframe setup combined with a higher timeframe setup.
Options also have very good spreads.
The GFC 2008. RECOVERY, GREEN SHOOTS, OBAMA, QE pt 2Second part of the look back in time
Ford
Citibank
Bank Of America
Micron Tech
MT steel
SPY
Classic Double TopDouble Top+Crossing below the support+pullbakc and rejection = perfect short opportunity
Being patient with $MU...Can't be staring at this since I'm simply a part time trader lol GL peeps, set ALERTS!!!
MU Micron Finally set up for new All-Time Highs and Mark-upMU has reclaimed the high trend lines in the overall uptrend and price target projections are projected in price and period of time expected highs can be reached
MU AnalysisWill the open MA's lead to an upward breakout out of the rising wedge?
Or will the technical patterns ( rising wedge ) favored outcome arise? Bearish .
Personally I'd follow the Technical Indicator's assessment
Micron Technology Accurate Wave AnalysisHello community, after a 5 wave (12345) lower degree impulsive structure we expect at least a corrective structure which is wave 4 of a higher degree structure. Now the 5 wave impulse is getting completed and i expect wave 4 to begin after which there will be wave 5. I will keep updating this chart as it develops. ask your questions, Comment, like follow for more accurate ideas. Thank you.
Long | MUNASDAQ:MU
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
1/4 WATCHLIST + MARKET OUTLOOK** THIS IS PURELY OUR OPINION AND WE ARE NOT LIABLE FOR YOUR TRADING DECISIONS **
Happy New Year! Looking forward to the first trading session of 2021. Let's get to it!
If you've been following our analyses on TradingView, you'll know that we have been very bullish in the short-term, and that we believe we are about to experience (or in the midst of experiencing) the last phase of any bull cycle - a blow-off top . You can see in the image above that we've had this strong support line (red) since the coronavirus low. On Thursday, we closed above the major resistance (green trendline - which has actually now turned into support). This is a very bullish signal. As long as the red support line holds, we will maintain a bullish bias.
However, the market doesn't care about our opinion and will do what it wants. So we will trade the price action we see!
WATCHLIST
Note that these levels are for intraday options/equity trades. These are not swing levels.
MU calls over 75.70
TIGR calls over 8.5
SHOP puts under 1128
SQ puts under 214.25
COST calls over 377.45
PYPL calls over 235
ROKU puts under 330.75
TSLA calls over 720
WKHS puts under 19.7
ZM puts under 336
Lastly, we opened a position in GLD on Thursday - we will likely add to the position tomorrow with a break of 179.
Have a great week of trading!
MU Wave 5Micron Technology Inc. (MU) broke out of wave 4 consolidation. Bullish engulfing candle with an association of high relative volume is key signal this a true breakout. Indicator confirm breakout with cross in StochRSI, TMO, and daily squeeze breaking out. Prior to breakout, Micron held the 21 ema with a hammer candle. Earnings at 1/7/21, so look for run up and momentum continuation.
THE WEEK AHEAD: BBBY, MU EARNINGS; ICLN, SLV, XLE, IWM/RUTEARNINGS:
I've culled down all of next week's earnings announcements to options highly liquid underlyings where the 30-day is >50% and am left with two potential candidates for volatility contraction plays: BBBY (23/99/26.3%)* and MU (23/53/14.0%).
BBBY announces on Thursday before market open, so look to put on a play in the waning hours of Wednesdays session; MU, announces on Thursday after market close.
Pictured here is a delta neutral short strangle in the February cycle (49 days), which was paying 1.27 at the mid price as of Friday close with break evens wide of two times the expected move on the call side and slightly above the 2x on the put and delta/theta of -1.07/3.12. Naturally, you can see the call side skew here, with the similarly-delta'd short put 3.76 away from current price, but the call 7.24 away, so the underlying may merit a look at alternative plays that take advantage of this.
In contrast, the shorter duration January 15th 15/22.5 (14 days) was paying 1.02, with delta/theta metrics of .21/7.91, with the natural trade-off's being less room to be wrong, but a quicker resolution of the trade should you be right.
With MU, I'd look at a Plain Jane 2x expected move short strangle, which here would be the January 15th 68.5/85, paying 1.71 or the February 19th 62.5/90, paying 2.30.
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE THE FEBRUARY 19TH AT-THE-MONEY SHORT STRADDLE PAYS AS A FUNCTION OF STOCK PRICE:
ICLN (9/51/15.0%)
SLV (33/48/13.6%)
XLE (23/41/11.4%)
XBI (27/39/11.2%)
EWZ (14/39/11.1%)
GDX (15/38/11.1%)
XME (14/38/10.7%)
BROAD MARKET:
IWM (25/31/8.1%)
QQQ (19/27/7.1%)
SPY (15/22/5.4%)
EFA (20/21/5.2%)
BOND FUNDS:
TLT (16/18/4.4%) (Yield: 1.609%)
HYG (7/13/2.0%) (Yield: 4.917%)
EMB (4/7/2.0%) (Yield: 4.024%)
AGG (28/8/1.7%) (Yield: 2.252%)
* -- The first number is the implied volatility rank or percentile (i.e., where 30-day implied is relative to where it's been over the last 52 weeks); the second, 30-day implied; and the third, what the February 19th at-the-money short straddle is paying as a function of stock price.
MU Bubble MeterStill hasn't hit ATH from the DOt Com bubble, when MU hits $100 next year, then the bubble is complete.
Just more evidence that the bubble isn't over. Seems kinda crazy.... but I think TSLA might actually hit $1000
