MU trade ideas
$MU | WEEKLY WATCHLIST 12/13$MU 1D
Although holding up fairly well still, my bias is telling me we still may see a wave 2 down before the next impulse. Looking at the $70-77 region for a great dip buy. Staying patient on this name.
Short MU, failed to break through level 88, rollback to level 77Short MU, failed to break through level 88, rollback to level 77
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Cup and HandleCup appears to be forming.
I marked mid cup on the chart which is a source of support. In a healthy cup and handle , the handle low should be above mid cup. This handle looks a bit iffy right now and not well formed, but I took a stab at finding it. You may see a better handle that I do (o:
Targets for this pattern are based on the depth of the cup using fib levels. Cup depth is 31.29.
MU looks to have been making a run up and hit a the bottom of a prior gap and turned back down. The top and bottom of a gap can be a form of support if price is above the gap, or resistance if price is below the gap. Sometimes these support and resistance levels become stronger the longer the gap remains in the chart. If price is above a gap and starts filling the gap, it is possible price will go to the bottom of the gap in hopes of finding support. I've noted this is especially true if it is a new stock or price is at newer highs, as there is no recent price action in or before the gap to provide support. For example, a stock such as PG may find support on a pull back within a gap as it is an older security with a lot of chart history and a security like UPST may have more trouble finding support when it was at it's highs as there was no prior price action in the gap.
Long top wicks can point to areas of resistance and long candle tails/shadows can point to support.
Stocks can't go to heaven and there is always going to be a top, eventually where price will turn down.
No recommendation
Short interest is low and negative volume in high
$MU sniper edition #4*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $MU at $72.92 per share. Our first take profit is $92.
My team averaged up on our position today at $82.5 per share bringing our share average up to $77.71.
OUR FIRST ENTRY: $72.92
OUR 2ND ENTRY: $82.50
FIRST TAKE PROFIT: $92
2ND TAKE PROFIT: $103
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$MU | WEEKLY WATCHLIST 12/6Momentum curling over which is what we want to see. Looking for W2 for a MAJOR buying opp. Stay patient friends.
Micron Technology for short term respite. MUFibtime suggest a drop over the next month to month and a half. This is a guess as markets can never truly be timed. Time after all is not a continuum and has ebbs and flows like a river. We just simply do not notice them. Here believing end of an A within a B within a B. Divergences happened, momentum shifting, 5 Wave impulse confirmed. 0-2 line not shown, but we are certain to be heading down on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
MU Rising Wedge BreakdownMU is within a rising wedge
Rising wedges are a bearish indicative pattern
I am suggesting a collapse down to a stronger area of support to manage this rising wedge
The other scenario is that this rising wedge breaks out to the bullish side, but for the consistency of chart pattern expertise we will stay with the bearish approach, which is considered appropriate.
$MU Long Term ChartOutlook on a longer timeframe. We should see a healthy pullback soon but if not these are the levels I’ll be looking at.
$MU Long into EarningsTake Profits at the major Support Level. Earnings around Dec 17 so looking at long call options to ride the volatility.
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
MU breakout continuation Even ok the short week MU consistently tried to move. I’m following the orange levels up to ultimately test the ath. Break of that we may move.
MICRON BAG, IM BACKMicron fkn moon, s/o whoever bought the dip. Swing ideas coming soon, been busy. LETS GETS THIS FCKING BAG fr printed on Micron LFG.
Micron Technology MU - bullish countIs this a little too optimistic? This count suggests that this stock is shaping up for a good run as a 5th wave, perhaps after a wave 2 correction within it.
MU - Break, Back test, Rally and the current Challenge85$ is the challenge now.
Added to watchlist
I do not recommend buying or selling MU stocks.
$MU | WEEKLY WATCHLIST 11/22Swing execution plan still remains the same. Micron just decided it wanted $80+ first. Still seeing this initial impulse as a wave 1 and looking for a wave 2 below. Since wave 1 was larger than I expected, I have adjusted my count for waves 2,3,4 and 5 to accommodate this change. (much larger 5 waves up)
11/21/21 MUMicron Technology, Inc. ( NASDAQ:MU )
Sector: Electronic Technology (Semiconductors)
Current Price: $83.03
Breakout price trigger: $83.80
Buy Zone (Top/Bottom Range): $81.00-$78.00
Price Target: $89.00-$90.00 (1st), $95.00-$97.20 (2nd)
Estimated Duration to Target: 45-49d (1st), 60-64d (2nd)
Contract of Interest: $MU 12/17/21 82.5c, $MU 1/21/22 85c
Trade price as of publish date: $3.75/contract, $4.80/contract
Micronback test on the move.......................................................................................
