$MU bottoming patternNASDAQ:MU bottoming pattern that broke trend line. Looks very bullish. waiting for consolidation for a starter position.
MU trade ideas
TEXTBOOK HORIZONATL LEVEL BREAKEOUT ON MUMicron technology just passed through a long-standing resistance at 65. A retrace would give a good entry for a long considering the overall strength of nasdaq lately as well...
Micron Technology (MU) DCA - Rectangle Pattern Company: Micron Technology
Ticker: MU
Exchange: NASDAQ
Sector: Technology
Introduction:
Hello, and thank you for joining me for this technical analysis. Today, we will take a close look at Micron Technology (MU), specifically focusing on a Rectangle pattern that has formed on the daily chart.
Rectangle Pattern:
The Rectangle pattern is a period of consolidation, often following a significant price move, where the price bounces between horizontal support and resistance levels. This pattern can act as either a continuation or a reversal pattern, depending on the breakout direction.
Analysis:
Over the past 355 days, MU's price has been oscillating between an upper boundary at $64.37 and a lower boundary at $48.61, forming a clear Rectangle pattern. We can identify six touch points at the upper boundary and two at the lower boundary, indicating that the price is consolidating within this range.
Currently, the price appears to be attempting a breakout above the upper boundary, which could present a long entry opportunity if successful. Furthermore, the price is positioned above the 200 EMA, suggesting a bullish market environment.
If the breakout is confirmed, the price target would be $80, representing a potential gain of approximately 24%.
Conclusion:
In conclusion, Micron Technology's daily chart shows a well-defined Rectangle pattern, signaling a period of consolidation. A breakout above the upper boundary could present a lucrative trading opportunity. As always, it's crucial to manage risk effectively and ensure your trading decisions align with your overall investment strategy.
Please note that this analysis does not constitute financial advice. Always conduct your own research before making investment decisions.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
MU - Breakout Falling Trend Channel- 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 technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
$MU Bottoming pattern weekly chartNASDAQ:MU Very nice looking bottoming pattern. Close above 65 on a weekly basis would be very bullish.
MU micron ++++++text book round bottoms closed above resistance yesterday. buy now or buy the first pull out after the break but be there kind of chart...
MU Bullish projection 5/15/23Inverse Head and Shoulders completing with a breakout forming to press past $63 CMF and MACD both support the technicals for a healthy push to $71 then $81 as next short term PT, long term this is a hold for so many reasons. Macro Geo-political environment combined with tech ever thrist to have chips available as the future continues to push automation and Micron are essentially the life blood
MU Upside breakoutFundamental:
Semi-conductors are the backbone of web 3.
Technical:
MU has been in a trading range for almost 2 years.
Q2 had a failure swing on the weekly chart, is this an indication of the breakout direction?
$66 is the key level
$MU: Monster signal in MicronI'm long NASDAQ:MU here, I like the low probability 3rd target range as a possibility here, but that is a long shot. NASDAQ:INTC and NYSE:TSM are also starting to base, and could rally back to the top of the recent range and maybe break out into a new monthly trend over time soon...
Generally speaking, T@M signals have a win rate between 55% and 65%, but in cases like this where a stock is hitting the same range repeatedly and then clearing sellers out and breaking out, you can expect signals to reach the 2nd or 3rd target range by the time the forecasted time elapses or sooner in a substantial amount of trade samples.
Stop loss area should be a bit below the weekly mode zone @ $59.90, so consider that for sizing criteria.
Best of luck!
Cheers,
Ivan Labrie.
MU ascending triangleOn the chart we can see an ascending triangle which is a bullish pattern. Therefore we can expecting the break out to the up side.
How to trade:
trade a break out with the volume increase in order to avoid trading false break out.
Target is shown on the chart.
MU - try to find entry pointNASDAQ:MU - 12 year chart.
1.Below AVWAP from the low of 2016 is not taken.
2. 10 month consolidation in $$ 49-65 range
3. Price is back in a multi-year rising channel and is trading not too far from its lower boundary
4. Is near the upper boundary of the descending channel with a high in January 22
5. Trades near the AVWAP from the highs of 2022
6. RS on the weekly charts is moving into positive territory.
7. Well all memory manufacturers have announced price increases.
In case of consolidation above $68 we can look for an entry point into the stock. I do not exclude a pullback into the 60-62 range after AVWAP breakdown.
Stop calculation (mandatory) will need to be done depending on entry point and position size.
This is not an investment idea
MU still rounding out nicelyMU is still rounding out nicely. Nice bounce off the daily 200. Might be worth a small starter and watch for a break of 65.
$MU rejection zoneNASDAQ:MU continues to reject the line, hasn't made a move similar to AMD or NVDA.
This one is seriously lagging.
RectangleHorizontal trading range.
There is an ABC/D pattern within the rectangle.
Price is at resistance of the rectangle.
No recommendation
$MU stabilizing at $62I see Micron settling in at around $62/share.
I am curious how it is benefiting from the continuing pressure around Taiwan and that impact on $TSMC.
$MU consolidaton66 big level hit 5 times
consolidation after huge gap down
huge uptrend potential and maybe new higher highs
swing calls
1 to 2 months out
MU Micron Technology Options Ahead Of EarningsIf 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 opinion about it.
$MU D$MU D, s/r flip here on the daily. Ideal scenario would be small consolidation into breakout after earnings move up
$MU: NOW WHAT?$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 with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $MU after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
MU Likes Double Tops MU has shown some great double tops and here are three examples, each with their own red arrow
I expect price to retract to the strong trend line , rather than form a support at the previous double top line.
Just a small breakdown but one to be noted.
Micron Technology: Short Under 57$I'm planning a short trade on Micron ( NASDAQ:MU ) for 1 week.
The idea after the first "signal" obtained last monday was to see a retraicemente and then a new trigger. Better to trade beyond 57$.
Then today I have one of my fovourite trigger, thanks @ArduinoSchenato
I'll buy some Turbo24 short certificates by IG.com. Target is 53$.
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ITA
Ho pianificato il un trade short su Micron già da una settimana.
L'idea dopo un primo segnale avvenuto lo scorso lunedì era proprio quella di vedere un recupero e un nuovo segnale, meglio se con chiusura sotto i 57$.
Oggi quindi il prezzo mostra quanto avevo pianificato con uno dei migliori trigger che uso sull'azionario. Thanks @ArduinoSchenato .
Domani quindi potrei tradare short questo titolo, attraverso l'acquisto di certificati Turbo24 di IG.com. L'oiettivo è la zona 53$.
Take-Off for Micron Technology📈
above all moving averages
has just broken through the decending trendline
bullish seasonality
Expecting the price to rise in the next weeks and months.
