MU trade ideas
MU: SOXL: Micron is Moving HigherMU: Micron has started its rally toward Q3 - next earnings season. The chart has reached $45.06, its 23.6% Fib retracement level, which may serve as near-term resistance, or consolidation zone before its next leg up. Momentum has turned positive as MACD has crossed to the upside on all time frames. There are two unfilled gaps below, at $43.76 and $42.68 levels. Next possible targets for the move higher are $48.13 (50%), $51.46 (78.6%), and $54 (100%). Pull backs on the way up are possible and are likely to represent a buying opportunity.
MU Relative Streng Index (RSI)NASDAQ:MU
For bullish events,we may be seeing higher prices as the price seems to be recovering from oversold as losses on down periods (over the last 14 bars ) are no longer overwhelming gains on up periods to the same extent.The opposite is true for bearish events, which signal lower prices ahead as the price seems to be recovering from overbought because up days are no longer overwhelming down days to quite the same extent.
I am ALIVE thanks to you guys!So as the family qnd everyone knows I faced severe health conditions, such as covid-19 that got me twice and threatnd my life, as i promised, i am back this week and i can go back to normal life! check last trades and how accurate we got the trades.
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Primed for a breakout... We need confirmation of pattern break Look for strong volume on large bars... this is the 4/hr
MU - Oversold RecoveryNASDAQ:MU
Swing Trade Long:
1) Recent MA crossover
2) RSI 30 was recently oversold
3) MACD crossover under 0
4) Bounced At support levels
5) Big Bars down
6) MACD and price divergence
Entry: 43.45
Target 1: 49.26
Target 2: 52.47
Stop Loss: 42.47
MU ReversalNASDAQ:MU
Per the chart patterns, I see MU making a corrective move this week to fill the gap it left behind at the 48.30 level. Look for a bounce off of that PT. Follow for ongoing analysis.
MU ScenariosMicron has been dropping for a while here, all other major semis (TSM, AMD, AMAT , TXN and NVDA) have been predominantly up or consolidating.
Thinking MU is lagging a bit here and could see some movement soon. I'd like to see it rebound off of the 41.19 support build up since March. Hasn't had a close cross it, just some wicks that got beat back from it. RSI is getting a bit crazy on it, but second target would be gap fill 38.32.
Yesterday and today saw lows around a pretty beaten support.
Adding this to watch for the proper entry. But thinking we could see it reach from 41- to at least 47 or 38 to at least 43-45. There's a month before earnings so technicals will play big soon.
Micron gapped pretty decent on last earnings (closed 49 opened 51). Until I see analysts start to down grade I'll be expecting something decent.
Micron Technology - Potential LONG Opportunities Everything is described in the chart , based on waves and technical analaysis.
We will be looking to get into LONG positions anywhere in the price range of (28.50) - (31-50)
Targeting the previous HIGHS of 64.50 and 70$ region
MU Swing IdeaMy trade strat/idea for MU to bonce off some fib lines to make a decent shape.This is for learning purpose only. I am only a beginner.
Bullish Swing Trade Alert for $MUThe TT Blackbox alerted $MU as a Bullish Swing Trade alert at 11 CST. Entered the trade at $44.13. I am looking for the bullish swing to last over the next couple of trading days.
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