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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

$MU, Textbook Falling Wedge, ABC Correction Wave,Fib RetracementIf you missed buying MU at 72, then now is your moment. On chart you can see, price bounced off the 38.2 few days ago. As in every other falling wedge we like to see increased volume on the lower side as in early May and 19th of June. Earnings couldn't push the stock over the wedge, but there's a really good chance MU wont go under 75 in the near future. Bullish Targets: 80-85 by mid August, at ATH by end of August. Busted Pattern: Under 72 Options play: STO AUG 20 $72 Put or defend with a spread. Naked $80 Calls
NASDAQ:MULong
by Georgi_Georgiev
Micron internals improvingTechnical Analysis From the beginning of May, MU has been kept in a range; however: RSI has been making higher lows where price has been retreating at the same support level. OBV is confirming the uptrend in volume within the consolidation range. These two bullet points support a bullish case for MU. Trade analysis I expect MU will try to test the roof of the consolidation range at $85.5 approximately; after, a re-test of the 50sma as support could signal a potential buy.
NASDAQ:MU
by dorfmanmaster
2
Micron Technology: The Spirit of 76?This week was cut short by Independence Day. That makes it a good time to view Micron Technology, which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three times since mid-May. Interestingly, the current bounce is happening near the rising 200-day simple moving average (SMA) . Meanwhile, resistance is bearing down from an intermediate-term downtrend. Notice the declining 50-day SMA (in red). Traders may want to watch for a potential breakout as these two moving averages converge from above and below. Next, MU’s stochastics are oversold on both the daily and weekly charts. This, combined with apparent support at $76, may suggest downside is limited. There could also be strong fundamentals with the global chip shortage continuing and more demand on the horizon as the 5G buildout continues. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:MULong
by TradeStation
MU at a critical pointMU is at that point where it needs to make a move either significantly upwards or down. Selfishly I want this to be up and I think earnings will settle the long term investor down with the recent price deflation of the memory chip segment which I personally think is a bit early. Seeking alpha posted a great article detailing ZERO EVIDENCE that these memory chips will fall in margin anytime soon. I agree. I want to see MU break the $85 mark WITH VOLUME as confirmation and push up towards a retest of $96.96. I think if this happens it will actually break this resistance and push towards $105-$115. If it can’t break $85 I would exit the position if you are long as a bearish downtrend might be eminent.
NASDAQ:MULong
by TravelingTrader412
Sunday Prep 6/27 - $MU Earnings Play - Areas of InterestFrom Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- $MU announces earnings on Wednesday, Jun 30, 2021. With that much week ahead of us before the numbers come out, things will depend on where we’re trading as we get closer to the earnings announcement. But you can see my areas of interest. Areas above price action represent levels where I may look to fade, and levels below price represent areas where I think we may be offered nice scoops. These ideas are only for quick day-trades, not swings. Weekly chart shows just 1 more real area of interest, and that is the weekly 20sma currently at 86.44. So if we’re trading 3-5% below that level when the numbers come out, then that area may be a spot I would look to fade.
NASDAQ:MU
by TrueTraderOfficial