MU Break Out?Look like a convincing bar printed yesterday I would like price to get above previous relative high or at least sit above the wedge for a few days.
MU trade ideas
Is Micron Finally Ready to Move?On Tuesday, we cited the pullback in the Philadelphia Semiconductor Index. Today, we’re looking at a member stock that’s been dead in the water all year: Micron Technologies.
Worries about the Covid recession have dragged on the memory-chip maker, despite strong results. Analysts at Deutsche Bank and Citi also think pricing will improve over the winter.
MU’s chart has some potential positives for the bulls. First is the falling trendline between the February and July highs. It broke that line three weeks ago and is now revisiting it as support. (Similar to the iShares Trust China Large-Cap ETF pattern on Monday.)
Second, MU’s 50-day simple moving average (SMA) just rose above its 200-day SMA: a “golden cross.”
There are also potential fundamental tailwinds given the strong industrial data this week from the U.S. and China, plus the upcoming iPhone 12 ramp. Traders may want to keep an eye on MU for a potential breakout.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
$MU 5 Month #HeadandShoulders Continuation #ChartPatternNASDAQ:MU is forming a 5 month head and shoulders continuation chart pattern with $54.50 price level acting as chart pattern neckline resistance. A daily close above that level will trigger a long breakout entry trade. Target for at least partial profits is around $60-$61 which is also the swing high from Feb pre-covid19 sell off.
MU:BUMBERSHOOT PATTERN TARGETING TO 60 LEVELCrazy bears are in big trouble us MU formed Bumbershoot PATTERN(INVERTED UMBRELLA) and we strongly recomend to buy stock at current levels and targeting 60 level.....
MICRON 1H OVER BOUGHT NOW...MU have Symmetrical Triangle but wait PRICE to enter the zone consolidate
tighten area.
then we will see clearly where the price will go. if breakout just follow the trend.
for this time short is the best. you guys see the points A, B, C my stocastic setting come from over baught.
this may also happen to point D
happy trading =)
Symmetrical TriangleLong entry with clear uptrend
One of those stocks that i can buy and not worry too much
we all have our favorites..those we feel are safe and those we risk from time to time
not a recommendation
Price action analysis for $MU -- signal may be long or shortMU daily chart price action hints that an entry opportunity is coming, but chart is giving both bullish and bearish signals. Be prepared for entry in either direction.
$MU Micron trend Break trade Setup
Great recovery from the earnings selloff,
Potential entry above $52.00
Target short term $55.00
ABC Bullish S TriangleMU has broken up and out of a bullish falling wedge
MU is also inside of a large S Triangle
NV is picking up and short interest is low
Not a recommendation
Micron Technology, great upside for this quarterThe Post-earning announcement drift is pointing upward for $MU.
AMD Sympathy Play?MU crossed the 20 day MA within the Bollinger Bands, and it looks like it has some room to run if we can break 50.21.
MACD signal line also gives us an indication we may have an opportunity to buy.
Possible entry point ~48 or ~50.
$MU GOING UPMicron is looking good here, closed above the 10 EMA, which is above the 50 and 200 ema as well. My other indicators are showing upward trend. Gain is blow the ATR and that is good. Closed lower than open which isn't that great.
$MU Micron reversal Trade after a 10% slump post earnings the stock may offer a reversal trade
opportunity, having filled the Sept gap.
All major MA's are now resistance to consider.
$50.00 would be a potential target to downtrend.
Smile for MU....but you'll have to grin and BEAR it.Micron is forecasting the strange things to occur in the market as we move thru the election. Looks like a contested election with a bottom around Nov. 23. But while this stock will be under pressure the SP500 should zoom up until Oct. 23 and then plateau or double top to the election and then after the election fall until the Nov. 23 date.
