$Mu volume profile case studyHere I cover the inner workings of volume profile and how you can spot trading opportunities observing the monthly profiles, enjoy!
MU trade ideas
$MU bullish continuation with NVDA?$MU setup looking very nice on higher time frame. possible push tomorrow with sympathy play with NVDA earnings if
wall street decide to pump NVDA or the overall tech market. be advise that MU also approaching its ATH. so pull back
is very possible.
Day trade or scalp target play: 02/17/22
Buy call above 97.18 sell at 98.29
Buy puts below 94.26 sell at 92.50
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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strategy for MU Tuesday 02/15/2022MU – Our Bullish Entry – Only above (95.00) once the opening is below (93.00) is considered bearish.
MU: bearish entry: we can see a 5mn bearish 15mn bullish divergence. Also the price is above MV 50, MV 9, MV 20 daily chart, but my system shows me the (88.00) for bearish entry.
MU ShortsShares of Micron Technology (NASDAQ:MU) were spiking in early trading on Thursday, up as much as 7.4% in early trading before settling into a 5% gain as of this writing. Keep in mind that this price spike came after a big gain yesterday as well as with the tech sector snapping back from its January swoon.
However, Thursday's rise was more sector-specific, having to do with production issues at a main competitor, as the broader tech index was down today. Given that there are only a handful of big memory-chip suppliers globally, any disruption at one site could lead to short supply and a rise in memory chip prices for everyone else.
setting up for a dump tomorrow? ⍼mu looks at how MU saw a big rejection on this daily candle, and if we compare it similar candles in our recent history we can clearly see it always had a red day the following day!
I think we could easily see a move below 90 tomorrow, but nothing is a guarantee in this market so trade carefully.
like and follow for more! 💘
Micron is forming Cup and HandlePotential Cup and Handle - Successfully bounce from EMA200.
Breaks fibo 618 and stay above EMA50. Remain Uptrend and Bullish.
MCDX Banker 40%+ remain strong while Retailer down to 1%.
FiFT continuation from BoD and turned Green. Price Higher High converge to FiFT higher High. Similar trend with MCDX Banker
ATOM - Price line back into neutral zone. Wait for ATOM Buy + Slow Turtle Buy to add position.
Tight SL below 79, below EMA200 for longer term.
ABC BullishPossible stop under C.
The 50 SMA is causing some resistance for MU. Bullish crossover of 100 SMA up and through the 200. Bearish crossover of the 20 down and through the 50. The moving averages need a little work and would be great to see price over the 50 SMA and the 20 SMA above the 50.
No recommendation.
Sometimes it helps to start at the end.
MU: Cheap PutsHeading out to run errands, so trying to make these short and to the point. Expect a move to $70 in the next week or so.
Not financial advice
Micron Technology: Shooting Star at Resistance Micron Technology - Short Term - We look to Sell at 94.40 (stop at 99.20)
Posted a Bearish Shooting Star formation. This is a bearish reversal signal and the lack of progress higher has confirmed a sentiment shift. We look for losses to be extended today. 95.00 continues to hold back the bulls. The 50% Fibonacci retracement is located at 82.03 from 65.60 to 98.45. We look to set shorts in the early trade.
Our profit targets will be 82.10 and 77.00
Resistance: 95.00 / 100.00 / 110.00
Support: 85.00 / 80.00 / 75.00
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.
entering bearish trend? 🧐mu continues to make lower highs and lower lows which is a bearish pattern. starting to look like a mini downtrend channel to me.
also breaking below local support which is not a good sign for longs, my next targets are 77.55-75.53-73.5.
like and follow Heart with arrow
MU: Back to Resistance? Micron Technology - Short Term - We look to Buy at 79.23 (stop at 73.95)
Preferred trade is to buy on dips. We have a 61.8% Fibonacci pullback level of 78.15 from 65.60 to 98.45. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 96.50. Offers ample risk/reward to buy at the market.
Our profit targets will be 96.23 and 107.95
Resistance: 90.00 / 96.50 / 100.00
Support: 79.00 / 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.
Weakness persists in chip makersMicron exiting from the rounding top and bouncing off 200 day ma before falling more. More weakness to come as it dropped below 200 day and wasn't able to reclaim on that eod run we had friday. Expecting further downside as chip makers like AMD and QCOM report earnings next week. Doubt it will be any good, guidance wise, as chip supply shortage is still very much a problem.
MU setting up for another push to upside soon 🔥 recent trend resistance is now acting as support, this is a good signs for longs.
watch for a clear break past recent highs for continuation next week.
short term price targets are 104.61-111.38-118.15, like and follow for more! 💘
strategy for MU Tuesday 01/19/2022MU: sell zone ( 98.00 ) ( 97.00 )
MU : buy zone ( 93.00 ) ( 92.00 )
bullish continuation price: ( 99.00 )
MU: close with bullish reversal. the bearish entry would be after 94.00 pending the buy zone
Is MU ready for all time highs?
$MU is looking to break out into all time highs from its previous highs back in 2000.
MACD still looks strong but volume is my only concern. RSI still has room to grow but starting to reach overbought levels.
Put/Call Ratio for the coming week is .32 and .30 for the following week. This indicates money is expecting an increase in price.
If it breaks out look for the 1.382 Fib level for a possible target.
Keep your eye on $MU as it will definitely be on my watchlist this coming week.
Market is closed tomorrow due to MLK day.
Leave your thoughts below in the comment section. Best of luck traders!
MU, 14 Jan. Breakout of the Decade?Micron has reached $97 on 17 Jul 2000, right before the dot-com crash. We are now back to exactly $97 (the blue line), for the second time, forming a gigantic cup (and handle) pattern. Look at the weekly chart to see it.
With such an epic pattern, the question is if we can position ourselves for a potentially large breakout.
Geometry:
Price has formed a bullish descending broadening wedge (green lines) and broke above it.
Oscillators:
RSI shows a bearish divergence, Stochastic is due to retrace.
Volume:
Vol is declining, suggesting that the uptrend is stalling.
Moving Averages:
The 20 week MA is approaching 80, the 50 EMA is at 85, potential supports.
How to trade it:
The fact that price approached the resistance for a second time seems promising for a large breakout. The problem is that we do not see a clear handle on the weekly chart. In the worst case, we will get a multi-year handle-forming chopfest.
Oscillators suggest that price needs further consolidation. The idea is to test longs at $94, and around $85, where the 38.2% retracement meets the incoming 20 week MA, and the trend line. Look for Stoch/RSI to be oversold. The expectations of a great earnings result (and the earnings itself) could be the catalyst for the breakout. The idea may not work if price falls below the green support line at $85.
MU Short strangle for a $2.37 creditFEB 25 STO 85 P
FEB 25 STO 110 C
Pop 74%
Delta -1.83
P50 86%
Theta 7.411
M Profit 237
M Loss Infinity
BPE -966.10
ROC 24.5%
Micron Technology: Bull Flag Offers Good Risk:Reward Micron Technology - Short Term - We look to Buy at 87.30 (stop at 83.80)
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Prices are extending higher from the bullish flag/pennant formation. Trading volume is increasing. Daily signals are bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 87.00, resulting in improved risk/reward.
Our profit targets will be 96.90 and 102.00
Resistance: 95.00 / 100.00 / 105.00
Support: 87.00 / 85.00 / 80.00
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 Micron Technology, Inc. Technology | Semiconductors |🤩😱Multi Year breakout worth a watch NASDAQ:MU
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix.
mu alternate viewMu, alternate view.
I would keep an eye on this all through the week.
had similar setup on amd on oct 25th 2021, and took a sell only to lose money.
so this alternate view wrt my previous view on sell.
