MUMU closed the week at 70.13. If MU can break underneath 68.16, we can see MU flush significantly lower and test 63 next. Puts can work underneath 68.
MU trade ideas
Is there more downside to Micron Technology?!I still think there is more downside to MU.
I was right on my first analysis, now let's see if Ninja will do it again.
Over all I am bearish on MU up until a day or two before earnings, even with the possibility of going into earnings.
I posted all of my entries, stops, & take profits on the photo.
MU Looking Bearish at Fib level? Micron Technology
Short Term - We look to Sell at 79.59 (stop at 82.81)
We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Closed below the 50-day EMA. Posted a Bearish Outside candle on the Daily chart. Trading volume is increasing.
Our profit targets will be 68.29 and 66.73
Resistance: 85.00 / 96.50 / 100.00
Support: 75.00 / 70.00 / 65.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$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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Khans Scalping-Idea - 02/28/22 - $MUEarnings ahead and already pushing during Pre-Market. Nice open POCs above and a lot of gaps to fill. Depending on Earnings this could skyrocket. Way safer would be selling before release.
I don't care what Jim Cramer tells you Intel is the semiconductor champion
azgovernor.gov
www.intel.com
MU has beautiful chart With a blend of harmonics, supply demand zones and S/R lines, MU looks like it can retest the Red Zone (Suppy Zone)
The Harmonics pattern is showing that this is a possible end of the trend, and start of a new run.
The MACD has also been building some momentum
ABC Bullish/Earnings 3-29 AMCEarnings are Tuesday after market closes.
Stop below C or where you see support. Target is D.
Gap under price that may provide support. The top of this gap provided support on Friday demonstrated by long candle tail/shadow.
From researching, MU appears to be expected to beat earnings, but it is the response to the news that can impact price and this sector has been volatile.
Price is below the longer term moving averages and the 50 is trying to cross down and through the 100 which is bearish. Longer term moving averages are slow to respond to price action.
There is a large green volume bar on the 1 minute time frame close to Close on Friday. The one minute time frame can show larger money moves.
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
No recommendation
EPS>PE
*EPS (FWD)
9.14
*PE (FWD)
8.55
Div Rate (TTM)
$0.20
Yield (TTM)
0.26%
Short Interest
2.07%
Market Cap
$87.45B
Micron Bullish into earningsSetting up for a bullish run into earnings barring no world evens drop the market.
3/23 MUStrat play 3/25 75p
Setup: 2-1-2 bullish continuation
Actual gain: 0.62 -> 1.00
Theoretical gain: 0.62 -> 1.30
I got in this one and moved my SL to breakeven once the candle closed slightly profitable for my position.
Ended up hitting 1st target but I sold for a quick profit once my 5m candle broke above (that one turned 3 and continued down)
MICRON LONG-BULLISHMICRON
Micron was holding it's gains today compared to AMD. I like $88+ for a price target.
Everything is really dependent on the geopolitical situation but there IS strength in this name.
Notice the volume profile and the 200 ema is also a level that's important. Technical analysis only works if fundamentals support it and the geopolitical risk is what's holding people up but there are buyers out there.
$MU falling wedgeMicron is coming out of a failed cup and handle pattern as it has given up the entire cup. Interesting set up of the falling wedge for the second time as it failed to breakout higher than the low 90s. low valuations support a relatively risk off trade. long micron here is not a bad option given their guided EPS.
trade would be to target the upside on retest of 92 from the wedge. GLTA due your own due dilligence!
Where is Micron Technology going next?Ok guys I am really bad about wanting to type out a thesis on my charts. Not all the lines on my chart currently matter, they are for my reference as a lot of the chart is hidden. Overall I see a possible pullback up to the $83-$84 range, after that my overall range to the downside for the current moment is $72-$77 with a more pinpointed range of $73-$75. I will reassess the chart once I see more price action play out into the beginning of the week and most likely grab a PUTS position (want to make sure from validation). Once it hits my targets I will reassess the chart for further moves to the upside/downside.
What are your thoughts on MU/Micron Technology?
$MU #MU going going gone , wait for it some trades are priceless and some not , but this used indicator should keep any head cool and alert with good results
MU buyrejection off the support and resistance level with a strong buyers volume att the bottom of the down trend
Micron Technology: Confluence BuyMicron Technology - Short Term - We look to Buy at 80.79 (stop at 74.96)
Previous support located at 82.00. Trend line support is located at 80.00. We have a 78.6% Fibonacci pullback level of 80.01 from 75.52 to 96.50. Preferred trade is to buy on dips.
Our profit targets will be 97.55 and 101.50
Resistance: 98.00 / 100.00 / 110.00
Support: 85.00 / 80.00 / 76.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$MU Cup with Handle Setup$MU now putting in a cup with handle in a much larger base.
big focus for me next week but it needs to put it in some type of pivot.
Ya ya, you could buy it here with a stop below Thursday but that's not how I trade.
Just watching it for now.
Mu trade idea A wonderful head and shoulders pattern formed the last couple days on mu with a neckline of 89. After this level mu will go back down to 85. i would love to see mu break 89 before spy breaks 426 so i know that mu isn't only moving with spy and sellers are coming in on their own.
$MU looking like a Leader hereLet's see if $MU can hold its 50 MA tomorrow and builds up an even more appealing base here.
This is a large base that goes back to April of last year.
$MU is looking like a leader here. On very close watch.
