MU is reversing from its COVID March 2020 anchored VWAP. also forming a huge flag. I expect us to hit $74 then $82 when this breakout plays.
Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock. We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand...
It looks like there may be a new support being made at the 50% retracement level of the previous low on the weekly which could be a good going forward for long term holders. If this new support is confirmed and that the previous high was broken, we could be patient enough for a retracement up to the previous anywhere between 38% to 61% respectively. I know the...
24 Oct 2021 Based on weekly chart, may have more room to fall. First support at 57/61
Short $MU CMP $72.14. Failed to claim 50 EMA. Downtrend continuation. MACD histogram turning negative. Bearish Pennant pattern. Possible short target $58-60
⬆ BULL FLAG Price $68.02 (AH 10.20.2021) Target $77.57/ 84.92/ 96.82 Long term $116.08 (7 months) Stop loss $65.67 IMO
I was responding to a question where someone asked my opinion about this stock. So, here's my thoughts - If it can maintain $68-69 as support (and the market doesn't tank LOL), this might be a great buy. Why? On the daily chart a bullish harmonic presented along with a subsequent descending wedge. It just bounced off the $69 iceline, as it did last month and Dec...
Micron looks to be consolidating on the daily chart heading into earnings Tuesday after market. The POC - (point of control) could be target $80, after earnings with 8% move expected. The Oct 1st options data shows a put/call ratio at .55 . The Oct 15th $75 and $80 calls have over 28000 Open interest. Looking to go long breaking above $75
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MU has been beaten down lately with a decreasing quarter revenue earnings since 2018 and recently it has established a strong Support Demand Zone at $69. Net margin contraction has also played contributed into the press. Earnings is coming up in October and it is expected to be better. From $69 bottom support to the upcoming resistance at $72/$74 with Fibo of 0.5,...
Here's a 4 Point move TrendyFreePlay, a close above 71.76, enter and pt at or near 74.53
bottom of the channel, lovely bottom wicks indicating buying pressure as well. I see a fill of the gap and move back up to 78
This shows MACD Bullish Divergence and thats to $92. My path shows to $120-128. Chart looks really. Good. I used the Cloud this time to find the same move in the past. As i think its more reliable when you can find price action dip into the cloud the same way and with the same kind of candles that have been painted. I customized this Cloud way out of wack...
Bullish Harami signaling a reversal he at the bottom of the channel. Gap fill above can be used as PT.
On August 4th, 2021 I published a post that micron technology could be the next WSB's Play..! Today it is ranked 12th on their mentioned tickers! and I believe it will be the next AMD or MRNA..! This is their famous pattern of dumping, they do it so fast to wash out everyone and then play the way they want..! Soros is known as "The Man Who Broke the...
MU has formed several bearish flags in the past month. It looks like there's another potential flag forming currently.
*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* Recap: My team has been analyzing $MU for the past few months. After...