MU will go down for 20 points in no time... CLosing this like tis would be bearish and i think can tag 74 next...
we will se if it happens but i think this looks like shit!
MU trade ideas
MU breaking above pivotMU is trying to bounce of long time support ($65.65) and has just taken out a swing low from 4/18 ($69.75)
From here there is room to retest highs at $76.00
It does need to break above $70 again in my opinion.
Trade idea:
Entry: Above $70.00
Target: $75.00
Contract idea: $75c 6/13 (currently trading at $1.00)
Stop Loss: 65.50
Disclaimer: This is not a trade signal, This is just a trade idea. Trade at your own risk
Near term idea on MUThe resistance to look at are $74 and $76 (mid BB/Fibonacci).
If the rally continue it would be possible for it to go to $78.5 - $80 (H4/Daily mid BB/Fibo)
MU just breakout from the bearish trend line and looking for more upside in H1.
Since NASDAQ and S&P 500 show sign of strength after rejecting the 50% Fibo level this lean to Bullish Trend.
Worst case if it fail to stay bullish, support to look at are at $68, $64 and $60 (Daily Fibo).
MU - Will look for support in the low 60sThe impulse from early 2020 was finished at 98.45 and the corrective structure leads to a test of the low 60s, which is a confluence of 50-61.8% retracement, an important resistance level, and 161,8% A-B extension.
I expect a bounce from the yellow area, and will look for long trades if we get a solid bullish reaction.
MUMU closed the week at 70.13. If MU can break underneath 68.16, we can see MU flush significantly lower and test 63 next. Puts can work underneath 68.
Is there more downside to Micron Technology?!I still think there is more downside to MU.
I was right on my first analysis, now let's see if Ninja will do it again.
Over all I am bearish on MU up until a day or two before earnings, even with the possibility of going into earnings.
I posted all of my entries, stops, & take profits on the photo.
MU Looking Bearish at Fib level? Micron Technology
Short Term - We look to Sell at 79.59 (stop at 82.81)
We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Closed below the 50-day EMA. Posted a Bearish Outside candle on the Daily chart. Trading volume is increasing.
Our profit targets will be 68.29 and 66.73
Resistance: 85.00 / 96.50 / 100.00
Support: 75.00 / 70.00 / 65.00
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$MU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MU after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
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Khans Scalping-Idea - 02/28/22 - $MUEarnings ahead and already pushing during Pre-Market. Nice open POCs above and a lot of gaps to fill. Depending on Earnings this could skyrocket. Way safer would be selling before release.
I don't care what Jim Cramer tells you Intel is the semiconductor champion
azgovernor.gov
www.intel.com
MU has beautiful chart With a blend of harmonics, supply demand zones and S/R lines, MU looks like it can retest the Red Zone (Suppy Zone)
The Harmonics pattern is showing that this is a possible end of the trend, and start of a new run.
The MACD has also been building some momentum
ABC Bullish/Earnings 3-29 AMCEarnings are Tuesday after market closes.
Stop below C or where you see support. Target is D.
Gap under price that may provide support. The top of this gap provided support on Friday demonstrated by long candle tail/shadow.
From researching, MU appears to be expected to beat earnings, but it is the response to the news that can impact price and this sector has been volatile.
Price is below the longer term moving averages and the 50 is trying to cross down and through the 100 which is bearish. Longer term moving averages are slow to respond to price action.
There is a large green volume bar on the 1 minute time frame close to Close on Friday. The one minute time frame can show larger money moves.
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
No recommendation
EPS>PE
*EPS (FWD)
9.14
*PE (FWD)
8.55
Div Rate (TTM)
$0.20
Yield (TTM)
0.26%
Short Interest
2.07%
Market Cap
$87.45B
Micron Bullish into earningsSetting up for a bullish run into earnings barring no world evens drop the market.
3/23 MUStrat play 3/25 75p
Setup: 2-1-2 bullish continuation
Actual gain: 0.62 -> 1.00
Theoretical gain: 0.62 -> 1.30
I got in this one and moved my SL to breakeven once the candle closed slightly profitable for my position.
Ended up hitting 1st target but I sold for a quick profit once my 5m candle broke above (that one turned 3 and continued down)
MICRON LONG-BULLISHMICRON
Micron was holding it's gains today compared to AMD. I like $88+ for a price target.
Everything is really dependent on the geopolitical situation but there IS strength in this name.
Notice the volume profile and the 200 ema is also a level that's important. Technical analysis only works if fundamentals support it and the geopolitical risk is what's holding people up but there are buyers out there.
$MU falling wedgeMicron is coming out of a failed cup and handle pattern as it has given up the entire cup. Interesting set up of the falling wedge for the second time as it failed to breakout higher than the low 90s. low valuations support a relatively risk off trade. long micron here is not a bad option given their guided EPS.
trade would be to target the upside on retest of 92 from the wedge. GLTA due your own due dilligence!
Where is Micron Technology going next?Ok guys I am really bad about wanting to type out a thesis on my charts. Not all the lines on my chart currently matter, they are for my reference as a lot of the chart is hidden. Overall I see a possible pullback up to the $83-$84 range, after that my overall range to the downside for the current moment is $72-$77 with a more pinpointed range of $73-$75. I will reassess the chart once I see more price action play out into the beginning of the week and most likely grab a PUTS position (want to make sure from validation). Once it hits my targets I will reassess the chart for further moves to the upside/downside.
What are your thoughts on MU/Micron Technology?
$MU #MU going going gone , wait for it some trades are priceless and some not , but this used indicator should keep any head cool and alert with good results
MU buyrejection off the support and resistance level with a strong buyers volume att the bottom of the down trend
