$MU possible bear pathIf bottom is not in for 4 yet we could continue to flush down closer, possibly even kiss, the 50% retracement. This is why I stress to not take a trade until breakout
MTE trade ideas
$MU - weekly lookPositive signs - Volume shelf (purple line), covid low avwap , and 50% retracement support all in same area. Bounced off falling wedge TL and now we see an inverted hammer inside bar on the weekly. RSI has hidden bullish divergence and decreasing volume while declining in price
Negative sign - macd not curling yet, but this may happen on the upper TL retest
What I expect - right now I am expecting a test of the upper TL in the low 70 range. This could fail. Upon break of the TL the first PT's will be the 30 week MA / ATH AVWAP which sit at a similar level in the upper 70's (right now it is 78). I expect that level to reject and provide backtest before an even larger move occurs taking us above those levels
How to trade: I think the smart trader waits for the breakout here, so alert the TL and wait. On the TL breakout take a position looking for the AVWAP as PT. If the stock is rejected back inside the TL then close the position because it isn't ready.
$MU - could bottom be in?I got a request to look at MU a bit ago, and it just came up on my weekly inside bar scanner.
It appears to be looking for bottom for what could be a cycle wave IV. We are nearing the 50% retracement, so it is getting close to decision time. The 50% retracement sits at 64.1, and the cycle wave II avwap (covid low AVWAP) sits right at a similar level (notice the 100 extension for Y of WXY also has confluence with this level). These will provide very strong support if MU flushes lower and if it does would be a great dip buy area.
Positive signs: We are already starting to see a reversal on the RSI and macd is looking to curl and cross on the daily. Notice there is also bullish divergence on the macd and the stock is falling on decreasing volume. These are good signs, and bottom could already be in.
How to trade it from here: Well, it looks like at the very least MU wants to make a move up to test the falling wedge trendline, so super aggressive traders could grab weeklies to gamble on that. But with the state of the market and possibility of a retracement happening I don't think that is the best way to approach this. I set an alert on the upper TL and will be looking to buy the backtest of the breakout
Downside till previous resistance level24 Oct 2021
Based on weekly chart, may have more room to fall.
First support at 57/61
Short $MU CMP $72.14Short $MU CMP $72.14. Failed to claim 50 EMA. Downtrend continuation. MACD histogram turning negative. Bearish Pennant pattern. Possible short target $58-60
MU - Bull flag⬆ BULL FLAG
Price $68.02 (AH 10.20.2021)
Target $77.57/ 84.92/ 96.82
Long term $116.08 (7 months)
Stop loss $65.67
IMO
In wait to gainWe have been watching this action for a long time. Everything is fundamentally positive for it. The semiconductor crisis is good for it. The products are in demand.
Technically it will soon be possible to look for a long position. I recommend to look to buy when it gets above the 69 level. Further growth to $100 per paper. (43% Upside).
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MU. Dump or Pump?The last time we hit $97 we had an absolute dump... This time it could be different. We actually have strong support that could hold. My box is the level to hold and im expecting it to be broken and regained for a move up. I will layer in the box with a wide stop loss.
MU daily wolfe wave setup identifiedThere is a wolfe wave setup on the Daily min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 74 which is expected to reach this price target within 14 days.
MU Acceptance at 66.23 May Bring the Next Leg up to 69.02NASDAQ:MU
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
Possible scenario for stock $MUI was responding to a question where someone asked my opinion about this stock. So, here's my thoughts - If it can maintain $68-69 as support (and the market doesn't tank LOL), this might be a great buy. Why? On the daily chart a bullish harmonic presented along with a subsequent descending wedge. It just bounced off the $69 iceline, as it did last month and Dec '20. I'm thinking it will break out of the descending all-time-high supply line to the upside, where long-term it could see $97 or higher, a 40+% gain from the iceline.
Feel free to share any thoughts!
-House
$MU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MU after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
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Watch MUMU daily looks really nice, hoping to see it break out of this wedge pretty soon.
I like calls once it can break and close above $74 resistance level, my first target is $80.
A breakthrough of 80 resistance, MU can test 83, 86 resistance levels next.
MuLost long term suport and rising wedge support howver we tapped falling wedge support and bought back up to long term support again
Super tricky spot. Is
It
Gearing up for a hige move up or down?
Im feeling frisky! Long! Well see as long as it holds above 68$
Micron earnings outlook Bunch of things going on here. The first thing I notice is the huge cup formed on the monthly from 1999- 2021.
Since April you can say we have formed a handle for that cup.
On the weekly you have a double bottom that's playing out and the handle for the cup could also be use for this double bottom.
So obviously the patterns are bullish, the only question is will MU break out of the handle this time around or take one more trip down to 60$ ?
Let's see
MU Descending broadening wedgeUpside 100+ new ATH and a breakout of 2000 TOP
Take a look at the big picture and buy and hold by next March-May, I expect a new ATH.
Micron tehnologie :wait and seeMicron tehnologie in weekly is still bulish and in consolidation phase.
In daily the trend is bearish, but the correction is stopped for the moment by the last range.
If we cross this range and break the resistance 75.95 and 77.11 we can hope the change of direction. Other way we continue the bearish trend
For the moment wainting and see
Long MU into end of yearLooks like a good earnings(09/28) long play for Jan 22 near the money calls
Watch a break out of the downtrend wedge/ earnings can be the trigger
MU - consolidating , possible falling wedge pattern Micron looks to be consolidating on the daily chart heading into earnings Tuesday after market. The POC - (point of control) could be target $80, after earnings with 8% move expected.
The Oct 1st options data shows a put/call ratio at .55 . The Oct 15th $75 and $80 calls have over 28000 Open interest.
Looking to go long breaking above $75
MU - SwingOtro trade que me gusta mucho, MU a largo plazo. Lo que veo solo es a nivel técnico.
Me gusta mucho como rechazo la zona anterior y que ya la EMA de 50 se monto por debajo de los wicks.
TP 1 - 76
TP2 - 78.5
TP 3 82
TP4 en 84.64 que es la zona superior
MU Daily TimeframeSNIPER STRATEGY (new version)
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TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
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START BELIEVING AND GOOD LUCK
HADIMOZAYAN
MU or MICRON TECHNOLOGY Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
