MU trade ideas
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
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🤩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.
Micron cerca de romper record del 2000. Lo lograra? Micron sigue subiendo después de su reporte trimestral, y al los analistas arrancar el 2022 subiendo sus estimados con respecto a la accion. Les contamos como la salud técnica y fundamental están en la accion de cara hasta 2022
Short MUMy biggest short opportunity for those out there watching my posts is MICRON. MU has not only hot the top of its fib retracement, but also double topped. I'm short this stock until $77.
Not financial advice
Closed: MU January 21st 86/97.5 Short Strangle... for a 2.12 debit.
Comments: Total credits collected of 3.23 (See Post Below). Closing it today for 2.12 results in a realized gain of 1.11 ($111), which was my original profit target.
$MU LevelsBreak out zones:
$96.37
$95.9
Bull PT:
$97.78
$99.05
$100.13
Bear PT:
$94.83
$93.71
$92.36
$90.88
potential all time high breakout here🦉MU looks like it will do a parabolic breakout past all time highs any day now, rsi is near overbought range so be careful.
price targets if it breaks 97: 100.39-117.75-135.11
like and follow for more 💘
$mu analysis 30minAfter wicking into all time high supply, a head and shoulders patterned has formed suggesting a move to the downside. $92 is the key level here. This is a price you can play long and short off of. The directional movement of $MU will depend on the overall strength of other semiconductor names, this could easily make new highs in the following weeks of January.
$mu analysis Sometimes there is no need to get creative. Semiconductors have been hot, and $MU is one of the few that hasn't made a new high yet (although it came close, wicking into supply levels near the all time high of $96.69). The bigger picture here is that price is extended from the 21 day and closed below the 5 day last week. It seems a slight pullback is in order
MU BreakoutIf MU can breakout here we can see a move up to $96. If it can't breakout and can't hold supports there's a pretty big gap to be filled to the downside.
Mu looking for resistancewatching to see if we break higher or fall off this resistance. lost of selling pressure in this zone.
Be real careful this has made rsi 80 before and if it does again blow a short position up
MU double topAfter reanalyzing MU's chart, it can be seen that MU has reached the 4.236 fib retracement as well as formed a double top. There are several gaps to fill going down as far as $58. I believe we fill the $58 gap in 2022, but for now the focus is on gaps at $83 and $77.
LONG MUExpect a big and final move to 103 from MU, before considering shorting. MU is currently fighting resistance at 97, but I expect a breakout to MU's final resting place at $100-105
Not financial advice
Happy Trading
$MU - Retesting ATHsAfter a stellar earnings report, $MU is retesting former ATHs set nearly TWENTY years ago.
A break above sends us MUCH higher, especially with semis set to gain ground in 2022!
