MuBuilding a base on top of a large considlation breakout. Don’t be alarmed keep buying 63-64. This is setting up for a huge move up could still take a week but time to load up good averge
MU trade ideas
Micron Technology ($MU) ShortBig call seller on Micron Technologies NASDAQ:MU of the 7/21 68C 16,000x. Large volume on the daily candle on the underlying. Support is 64-65 but the bet is that it stays below 68 these next few weeks to collect full premium $
resistance = support pattern on MU 🔥trying to hold strong trend support, grey zone was resistance for 6 months then flipped to support recently 👀 this setups always bullish I doubt we go much lower 💯
break of local trend resistance/66.76 and we should see a nice rally.. PT 1: 74.24 PT 2: 81+🚀
boost and follow for more.. thanks ❤
Micron Ahead of Earnings (Both Arguments Charted Out)I provide you both sides of the argument.
Goodluck. M or Cup and Handle?
Bear or Bull?
Economy healing or double-dip incoming?
Your choice, but be pragmatic and risk averse.
MU long positionOn the chart we can see that the price is respecting the downsloping support.
We got one fakeout to the upside but eventually the price came back into the formation.
It the support holds, we expect that the price will break the resistance and then we should see an impulsive move to the upside.
We can entry long once the price breaks above the resistance . To avoid trading the fakeout, look for a volume increase.
Approx. target is shown on the chart.
MU chart looks Beautiful right nowFor me NASDAQ:MU looks very beautiful to buy now for me So i am buying NASDAQ:MU at 67.5$ price zone and my short term target is 75$ in the coming weeks and my stop loss price is A Daily Close Below 64.8$
This is my opinion, Please let me know about yours
MU: Sell ideaSell idea on MU as you see on the chart because we have the breakout with force the vwap and the support line.Thanks!
MuWe are on a cool off period but don’t be tricked. This is on a key breakout of a sideways considlation. We are flipping that previous reistance of the channel considlation prior
Into new support. It could take more time to build a considlation pattern on top of this but overall chart is a banger. We should contiue buying this on red days and holding.
MUafter a breakout the stock pulled back to retest support
last trading days formed a hammer
as long as support holds this is long to retest previous highs
NASDAQ - MU - LongIn Favour:
1. DOW in play
2. Key area being respected
3. Overall Bullish
Against Favour:
1. Weekly trend bearish
2. Further correction / consolidation
Not a trade call. Do your own analysis and risk management.
Good Luck !
$MU range breakout + AVWAPNASDAQ:MU
August 2022 highs/ December 2022 lows is the range mentioned in the title.
It just broke out, volume bars legitimating it.
Best entry would be 65.50's (Anchored VWAP) stop below 64.40's (needs to close under).
Red Fibonacci extensions are targets ideas: 1.272 - 69.61 $ & 1.618 - 76.79 $
Potential double bottom on weekly.
MU, 10d+/-16.43%falling cycle -16.43% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
MU moving along nicely, just an updateBeautiful price action so far.
Just an update to this rectangle pattern.
Not much to say here, just following along.
Update $MU , Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals.
In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you.
My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market.
I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated.
Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices.
Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading!
Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
Long Trade in MUMicron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia.
Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64.
The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher.
This is the first breakout into a new Stage 2 uptrend which is exactly where I like to buy. Look to build a position in the mid $60s if possible.
The trade sours if it closes below its 50-day moving average (red line on chart) which is currently around $62 and rising.
MU: Another Reason to be Short Chips (Inverted Chart)With Ban on Micron, China Escalates Microchip Clash With U.S. A Chinese government block on Micron
Technology’s memory chips marks how far apart the two economic powers are drifting on tech policy.
This is something that cannot be ignored, especially in light of the recent unhinged rallies for NVDA, AMD.
MU - Long opportunity. Retest resistance. MACD BuyRetest resistance 3rd times.
MACD buy.
TAYOR and good luck!
Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals.
In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you.
My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market.
I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated.
Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices.
Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading!
Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
MU long positionWe expect that the price will retest the upsloping support one more time, which would be the entry for the long position.
From there we expect the price to go higher and retest the resistance which is the upper boundary of the wedge and it would be the final target for long.
Micron Pulls Back After Breaking OutSemiconductor stocks have been moving lately. Today’s chart focuses on memory-chip producer Micron Technology.
The first pattern to consider is the level around $64.30. MU peaked near this price in November, January, March and April. A breakout followed in mid-May followed by a pullback on Monday. Will buyers step in near the previous high, looking for old resistance to become new support?
Next, you have the series of higher lows over the last three months. That kind of ascending triangle may reflect increasing demand for the stock.
Third, MACD recently turned positive -- a potential sign of improving short-term momentum.
Finally, MU jumped on March 29 as analysts said its long-term demand cycle had bottomed. (The surge came despite weak earnings and revenue.) This month’s rallies in MU and the broader chip space may confirm the industry is back on the upswing. If that’s true, it could give investors another reason to target the $64.30 zone.
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MU Entry, Volume, Target, StopWhen price clears: 65.42
With daily volume greater than 16.2M
Target: 82.50 area
Depending on your risk tolerance: 59.73 gets you 3/1 Risk/Reward.
Resistance: 75-76 area
Nothing to show on the chart, I'm counting on a break of the long running channel on high volume.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
OverreactedI think that the price has overreacted to the morning news about trade restrictions. As the company does probably not depend on the imports in request this overreaction shall be corrected at least.
