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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

Is Micron Losing its Mojo?Micron Technology has steadily climbed this year, but now there could be signs of exhaustion. The first pattern on today’s chart is the rising trendline along the lows of December, March, August and September. Prices have pushed back toward this support, which may suggest it’s getting ready to break. Next is the falling resistance that began in mid-September. This creates a triangle when combined with the rising trendline, which is a potential reversal pattern. Third, MU rallied above its Tuesday high on Wednesday before rolling over. The result was a bearish outside day -- another potential reversal pattern. Fourth, the outside candle spanned the 50- and 100-day simple moving average (SMAs). It also touched the 8- and 21-day exponential moving average (EMAs). That may suggest it’s become neutral over multiple time frames. Could a new direction begin? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:MU
by TradeStation
MU Micron Technology Options Ahead of EarningsIf you haven't bought MU here: Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MULong
by TopgOptions
Micron Tech forming a flag?MU is very interesting to me at the moment, it's currently formed a flag and as you can see in the chart we have had a steady up trend across the board in both price, RSI and MACD. You could argue MACD has already broken out of a triangle type formation to the upside even. The risk-to-reward ratio is quite good, you can place a trade with a stop loss just under the flag and it gives you almost a 9:1 RR. With a more liberal stop loss, you are still looking at an R:R of almost 3:1. The main concern here is if the tech sector start lagging in general, this could easily lag with it. Which is why I am inclined to buy the breakout and not the flag formation. Cheers
NASDAQ:MU
by ChartDudes
MU offers 15% - 20% ROI opportunities Micron Technology Inc. (MU) in a two-sided framework, capable of contain buying and selling pressures on a weekly basis. If (MU) were able to close above the resistance of this framework on a weekly basis, this would elicit a buy-signal where gains of 20% would be anticipated over the following 2 - 3 months. Inversely, if a weekly settlement below the support of this framework occurred on a weekly basis, (MU) would be susceptible to losses of 15 - 20% over the following 1 - 2 months.
NASDAQ:MU
by SpecialeAnalysis
MU bullishAccording to analyst ratings, the average 12-month price target for Micron (MU) is $75.32. The forecasts range from a low of $46 to a high of $100. The average price target represents an increase of 17.36% from the last closing price of $64.69. The 30 analysts offering 12-month price forecasts for Micron Technology Inc have a median target of 79.00. The median estimate represents a +17.23% increase from the last price of 67.39. Micron Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 23 buy ratings, 6 hold ratings, and 1 sell rating.
NASDAQ:MULong
by crypto_chan
MU Long hidden strength even after bad news SL pink line TP Blue line breakout of resistance and turn to support now Even big news 2 days ago from China, price manages to show strength at resistance turns support level many top guru have this counter Portfolio Manager % of portfolio Recent activity Shares Value ≡ Mohnish Pabrai - Pabrai Investments 79.22 Reduce 14.44% 1,592,134 96,069,000 ≡ Li Lu - Himalaya Capital Management 20.20 Reduce 40.52% 6,826,079 411,886,000 ≡ Prem Watsa - Fairfax Financial Holdings 16.49 Add 10.91% 3,839,849 231,658,000 ≡ Guy Spier - Aquamarine Capital 6.24 200,000 12,068,000 ≡ Ruane, Cunniff & Goldfarb - Sequoia Fund 3.44 1,683,406 101,577,000 ≡ Harry Burn - Sound Shore 1.95 Reduce 25.01% 277,060 16,718,000 ≡ Meridian Contrarian Fund 1.59 Reduce 5.49% 172,000 8,597,000 ≡ Daniel Loeb - Third Point 1.18 Buy 1,200,000 72,262,000 ≡ Viking Global Investors 0.81 Reduce 65.82% 2,856,599 172,367,000 ≡ Yacktman Asset Management 0.38 Reduce 8.90% 639,903 38,612,000 ≡ Lee Ainslie - Maverick Capital 0.02 Add 61.95% 12,760 770,000
NASDAQ:MULong
by Coconut_Khoo
MU has formed a very nice base and is breaking outCall it what you want, double bottom, triple bottom, possible cup and handle... Resistance has now turned into support. Now the question is, how impulsive will this rally be, or are we going to consolidate further during the summer and create a handle? The measured move of the triangle/double bottom hasn't been reached which leads me to think this might become a cup and handle pattern in the weeks/months to come. But who knows, we could also go straight up from here. I will be willing to add shares to my long position on Micron in the low 60s. 62-63$ would be a good place to buy more shares if the stock has a correction this summer. There is a macro 2.618 fib level at around 59.20 on the log scale but it has already been consolidated on and backtested as support. There is a chance we might revisit it this summer, but we could also make a higher low a couple of dollars higher. On the monthly timeframe there is some interesting stuff to note: The 62-63 dollar level coincides with a macro trendline and the bottom of the weekly EMA ribbon. The top of this ribbon is at around 68$ which is our support right now. If we overshoot the 62-63 dollar level to the downside, I expect 59$ to hold. If it doesn't then we could go as low as 44$ but I do not think this is the most likely scenario. Keep in mind this is a long term swing trade/investment idea. I don't scalp or do options/leverage trading. I try to buy good companies for the long run when they are undervalued by the markets.
NASDAQ:MULong
by cicatrace
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU here: Or sold here: Then Analyzing the options chain of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 64usd strike price Puts with an expiration date of 2023-6-30, for a premium of approximately $1.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MUShort
by TopgOptions