a semi worth watchingwith micron reporting today, and the semiconductor industry technically poised to bounce, if tech starts to back track on the bears stuff like this should lead the bull snap back.
MU trade ideas
Buy MicronToday micron trade around P/B ~1x, if look back for over 10 years, P/B 1x is the Lowest Price for Micron
Why P/B ?
-
because of Micron is a cyclical business their product(DRAM, NAND) price are sensitive to demand and supply
a lot of CAPEX have to put in business and its show up in PP&E so Book Value of company is real
Business
Micron is in an oligopoly market with other 2 major competitors namely Samsung and SK Hynix
Micron have market share around 25% for a long time and I think its gonna hold like this
Demand for DRAM and NAND is still growing because every electronic device need memory, Phone, laptops, Data center, Autonomous car even AR/VR that Meta building.
So... now is a good opportunity to buy good company in 50% discount.
*A lot of super investors is buying as well*
#MU to 75$?Hello dear Traders,
Here is my idea for #MU
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
MU weekly bearish hammer Order SELL MU NASDAQ.NMS Stop 50.17 LMT 50.17 will be automatically canceled at 20230401 01:00:00 EST
MU weekly bearish hammer followed by indecision. We broke monthly uptrend, so why don't go lower?
$MU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 76.9%.
technical analysis of MUplan on micron
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
MU, $40.00 Price TargetShould Micron follow through, I'm anticipating a test of the $40 handle in the coming weeks.
I've indicated the ideal entry, stop loss and target on the analyzed chart image for your reference.
MU Micron Technology Options Ahead Of EarningsLooking at the MU Micron Technology options chain, i would buy the $50 strike price Calls with
2022-10-21 expiration date for about
$2.81 premium.
Looking forward to read your opinion about it.
How Long Can Micron’s Bounce Last?Micron Technology bounced along with the rest of the market over the last week. But now it may be showing signs of continuing lower.
The main pattern on today’s chart is the falling trendline along the highs of August and September. While MU has fought above this resistance, trendline breakouts have generally not worked in the current bearish market. Fundamentals are also a challenge as memory-chip demand weakens.
Next you have a grouping of candlesticks: a spinning top on Tuesday, an outside day on Wednesday and an inside day on Thursday. Those could mark a top for the recent bounce.
Third, stochastics have reached an overbought condition.
Finally, the longer-term chart shows little evidence of a bottom. MU’s next likely support zones on the weekly timeframe could be the August 2020 low around $42.25 or the longer-term base around $34:
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MU: Reacting at a SUPPORT LEVEL!• MU is reacting this week, but the trend is still bearish;
• MU is doing lower highs/lows, and in theory, it is seeking the next support at $46.23 (red line);
• Could MU bounce from here? Yes, and this week is doing a bullish reaction, but it must close above the $51.30 again in order to recover to the $58 - $60 area again;
• By closing above $51.30, MU will trigger a false breakout from a previous support level. Along with the recent increase on the volume, this might be what it takes for MU to recover;
• MU is a promising stock, but for now, it must do better signs in order to become attractive again.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
MU - will 50 hold?50 is an absolutely critical level for MU. This has to hold. Although if 50 breaks, I will be looking for short opportunity.
Falling wedge on the weeklyThere is an emerging "Falling Wedge" pattern on the weekly chart.
Several additional signs suggest that a reversal is coming.
While the price is at lower lows, the MACD indicator shows higher lows.
This phenomenon is called regular divergence, and it is bullish.
Another bullish sign is that the RSI is oversold on the daily chart and almost oversold on the weekly chart.
Lastly, MU outperformed the overall market in the last few trading sessions.
Support: 49.66, 46.52
Resistance: 52.99, 53.98, 58.37
Micron - Mean reversion rebound aheadThe inverted hammer is seen as a strong contender for a mean reversion targeting the supply zone at 55-57 region. As such, there is a chance that it will rise before heading for main support at 46.00
MU Micron - Investor Idea of the Day - $49.55 Buy, $65 Target0. Notes to follow;
1. Stock getting near long term support here;
Bounce MU1. Potential double bottom
2. WT_LB in conjunction with CM (thank you very much LazyBear and ChrisMoody for sharing your indicator with the community). Based on sample of total population of 62 cases the results of combined use of these two indicators is 82%.
3. TP 1 - 59.2 (average out position is $8,400 at 52.7)
4. Trigger stop loss (5%)
valuable shareEvery quarter is much better, the company produces memory that is used in any device in the planet, you can get it now with 45% of discount, wait to see what is going ro happen in a couple of days!
GAP coveredI was expecting this, we had to cover the GAP if we want to go higher, so its good to buy here.
mu 2 scenariosmu 2 scenarios ... 1] buy after the first break above the resistance 1 and 200ma .. continue the long trade after the second break above the resistance 2 .. 2] sell under the resistance 1 and 50ma
Micron Technology re-testing breakout level?Micron Technology
Short Term
We look to Sell at 66.59 (stop at 70.43)
Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish. Choppy price action seen. Selling spikes offers good risk/reward.
Our profit targets will be 52.19 and 41.09
Resistance: 66.00 / 75.00 / 96.45
Support: 51.50 / 46.00 / 30.00
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MU - Resistance test Comment :
1) TrendX+ indicator - candlestick still wandering below trend line, mid-term downtrend
2) DDX+ indicator - although fund candlestick has breakout trend cross and now has supporting, however it is still under zero-axis, take cautious trading at this point
3) MCDX+ indicator - Weak, banker bar has very little while retailers bar (turquoise) has more than 50%
4) Micron currently having a technical rebound after a brutal fall since Feb'2022, It will be facing a resistance test at neckline very soon. Be ready to go south:-
> If the stock doesn't breakout
> If the stock false breakout on neckline A
Support & Resistance :
R : Neckline A
Remark :
- Length of ab=cd
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
$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%.
MU will test resistanceIn regards to comparing net income to market cap between the big semi-conductor teams, MU looks the best. TSM is awesome but if there's a war with China I don't want to deal with blockades while US semi-stocks sour out the sky after we subsidize when we lose Taiwan.
Test 70 resistance
Probably purchase 50-55 c calls deep in the money and sell 70-80 c calls and collect off the volatility
