MU trade ideas
MU --Micron resistance level coming up!! 61.73 approxMU --Micron resistance level coming up!! 61.73 approx from previous highs in the past (March and June 2018)... needs to go beyond this resistance...next report in March 2020. Potential: ▲ (11.30% Upside) The average MID price target (from analysts) represents a 11.30% increase from todays price point.
Quick DropThe semi's have been red hot. So any shorting done needs to be done with super tight stop/losses. MU is presenting a great opportunity to get short. It's currently rejecting a long term trend. Another gap up this morning is going to likely open MU right on the trend again. Expecting a fade off the gap.
Any sign of strength on a break through of the white trendline...so around 60.75-61 needs to be the stop/loss
MU Completing Long-Term BottomMU weekly chart shows a bottom completion underway for MU as it recovers from a 50% decline last year. The stock is showing some underlying momentum from large lot hidden activity.
Bullish MUI'm very bullish MU on a couple different timeframes and target levels. The first level of interest is 56.79 over the next few weeks. The second target is 59.50 over the next few months. A very good opportunity here.
MU - interesting fork in the road...Bottom of the 1 hour channel trend wanting to move upward --- but sitting near the top of another Long range channel ------ which way will it go. It may be due for sliding down but never know if it wants to climb and break through upwards now.....
MU Cautious LONG Potential MU long above the last close price of 57.65. MU has wicked through this area before and will likely again. So be cautions.
MU has been showing strength in this consolidation.
Fundamental Analysis MU Earnings Micron TechnologyCheck my profile for more info!
For my latest stock, I took a look at Micron Earnings $MU Stock. Darth Bear got 2Pts, while Bull Solo got 5Pts! MU is a strong company with a healthy balance sheet!
Darth Bear Points
1)When comparing Q1 20' vs. Q1 19', there was a decrease in sales in all segments (Compute, Mobile, Storage, and Embedded) of the revenue. Total revenue was down ~35%
2) Outlook for Q2 2020(EPS of $0.35 +- $0.06) is still lower than Q2 2019 (EPS of $1.42).
Bull Solo Points
1)MU beat earnings and revenue!
2) The company is working on projects for the future, Upgraded version of their current products + the purchase of new AI Company will help them work with AI customer needs.
3) The company has a strong shareholder return, buying shares every quarter with Annual free cash flow + buying back senior convertible note to reduce dilution count.
4) Balance Sheet is looking good! It has more cash than the total debt, which is always a great thing. Continuously paying down its debt.
5) Analyst Estimate Future EPS and revenue is growing for the next two years. Giving MU Forward P/E ratio of about ~11, If this is the bottom, then these are great numbers.
$SPY $AMD $SOXL
MU strong stock trend in stronger On a yearly performance, MU did better than 77% of other electronic components stocks. Now it is currently trading near its 52 weeks high so it is performing in line with the broader markets.
On a mid-term based daily chart, we could see a strong wedge uptrend pattern with momentum, and a few minor pullbacks occurred due to some broader geopolitical impacts such as the trade war and global 5G development uncertainty. But the stock is kept showing higher lows signaling the investors' passion for it.
MU is about to consolidate at the 56.8 support level which is lying underneath the price as the chart indicated above. Since the ATR volatility risk has not packed in too much yet at the current high, DMI overall trend indicator is still heading up and bull-side trend strength is still controlling the directional momentum, I would go long with it. My target is simply at the prior all-time high resistant area which is indicated by the red band above the stock price roughly at 60, any pullbacks that break below its bollinger bands middle band could be seen as a stop-loss trigger.
Besides, on the order flow side, there were over 2.9 million valued long calls detected from the options chain today with a strike at 60, expire in March.
$MU Micron bullish trend line break Previous resistance now possibly could act as very strong support and a nice stop loss level.
eyes on MUmarket continues up this will fly - ATH is 97 in 2000 LMAO
probably my favorite semi along with LSCC
MU Bearish Bat PRZPattern invalidated if price rises above the X point so the stop is just above it.
MU resistance levels in $62 range. may be seen in future weeksMU resistance levels in $62 range. may be witnessed in weeks/months to come... for now it may retrace back a down for a bit... (bottom of channel seen).
MU - channel surfing... but ready for a pull back a bitMU - channel surfing... but it seems ready for a pull back for a bit back down now. Following the DAILY channel...seen here.... Thanks.
MU: Gap up above 53.7 tomorrow would be interestingMU is tightening a consolidation. Will the bullish signs continue?
MU is an abort, watch for a crazy fast dropBasically, some idiot minnow advertised a million dollar call option purchase... sharks have smelled blood and are circling... this is just pure market manipulation, don't know what to tell ya, abort...
$MU TOP FORMATION - SHORT TARGETING 47.2 Its already started reversal from 56.2 dropped below 54 on Friday . Volume is increasing and expected high volatility too..
$MU Micron rises above trend-lineEntry level $56.50= Target price $61 = Stop loss $54
Very notable break above rising trend line
Longer term the stock is heading to all time highs in the weeks to come.
MU H&SA H&S can be observed in the past and a left shoulder has formed for another H&S, my basis for this is that price will be rejected at mirror resistance level and once head is formed it is very likely right shoulder will be formed. Various other chart patterns can be observed including a symmetrical triangle, which led to a strong upward breakout, and a bump and run. Currently the price is trading within a strong upward channel. Largest volume ever can also be observed..
