MU is ready to jumpIt was a necessary correction in order to make the growth even higher. Just only jump on the rocket before the earnings date, because the report will be good
MU trade ideas
There can't be much more bad news to come, Risking a long.Seems like Analysts have been tripping over one another to downgrade Micron for the past year, at this stage we don't take notice as these are they same analyst who had $80 targets when the trade war had already started. The world of trade has changed greatly but to be selling at such a p/e ratio is ridiculous, the need for their product is not going to disappear, so we think this is a great long term investment at the current level. As earnings approach next week, option traders are split and implied volatility is at 12% which is quite normal for MU. We will be taking a long into earnings.
Basing a ReversalClear indication of basing after downtrend on short time frame. RSI uptrend is being respected nicely.
$MU long from 33 targeting 40 Bottom near the support 32.8 all indicators are oversold and possible for short-term bounce targeting the breaking point at 37.9 then below 40
MU: A recount shows a wave (ii) retracement of 76.4% which be it. Maybe another small drop to complete a double bottom.
$MU Options action alert, $37 June strike Huge VolumeThese high volume options as listed on the chart are really unusual as the price action is so poor in NASDAQ:MU and sentiment within the SMH and the Tech sectors are terrible. The June G20 summit is really seen as the last chance for any change in tone towards trade with China, so investors in TECH are wishing June was over asap. On the flip side the sector is in oversold conditions and MU have earnings on June 25th.
$MU Micron Short from 41.5 . Now 39.75 . Clear Bearish Pattern As it shows head and shoulders pattern to be confirmed after closing below 37.9 with target area of support between 34-32.5 RSI broken Dec-Uptrend Also MFI index showing some investors sold some quantity and broke down the trend . stochastic with sharp down trend which means more volatility . MU shares will be highly affected by US-China news which impact its revenue directly-indirectly . if markets bounce the target will be broken uptrend (purple) then drop again . if market fall then expected too see the level at 34.5 quickly...
$MU MICRON OVER EXPOSED TO CHINA , TODAY COULD BE NASTY.The Bull run has hit a real barrier today, optimism had been the fuel to keep the run going, but Mr Trumps tweet last night sent the Futures tumbling and provided many investors a sleepless night, whom were caught out by Fridays rally.
Bro, Micron about to Pop SoonAscending Triangle Pattern NASDAQ:MU
Inverse Head and Shoulder - apply the distance upward from the tip of the head to the neckline to get a target of $47.15 with an accurate target of $46.62
(I know the H&S is months old but the target remains the same.)
Thinking about this for awhile before I consider pulling the trigger on some calls.
Thanks for visiting.
$MU stalemateMU can convince me to go long with a weekly close above $45, somewhere above the 50MA. For now that area is acting as resistance and we're right there. No point in going long with your fingers crossed. I'm the kind of player who sits on the sidelines until a decision is made one way or another.
Weekly close above the 50 = long.
Current price - neutral.
Any price action below last weeks low = bearish.
Any price action below ascending triangle = bearish.
easy
Micron ReadjustingMicron is changing their future battle plan. It is not yet built into their earnings any bets is purely speculative. However that does not detract from the fact that this could be a great play.
200 MA breakout
