MU trade ideas
MICRON TECHNOLOGY DISTRIBUTIONI will be using this for study purposes only since the move is slagish and worth very few pips.
Distribution occurs in many forms, The above distribution has a leading diagonal to mislead buyers before tanking.
We are most likely in the last point of supply at the moment
$MU for Range Trade and For Long!Entry Price: $82.15 is a good entry.
$MU (Micron) for long-term. Current price $82.15 is a good entry. Hold till you make some good money. Also, good for swing trade. Before doing the swing you should need to calculate how you going to place the strategy.
I would be more than happy to make 10% in swing trade. Stocks like $MU doesn't go up 50-60%. But they are really good for portfolio risk management.
$MU vs $AMD*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*
My team has been analyzing $MU for the past few months. After consolidating in the $74-84 range for the past few weeks we finally believe that $MU is ready to take its leap to go past $100.
$MU is a semiconductor company much like $AMD. With this being said investors should expect these two to uptrend similarly short-term along with other semiconductor companies.
For long-term investors $AMD is the chip tyrant that will most likely dominate its competition, but that doesn't mean that we're not going to show $MU some love in the meantime.
We entered $MU this morning at $79.36 and plan to take profit 1-2 months from now at $104.
Entry: $79.36
Take profit: $104
Stop loss: $75
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buy the dip ! RSI getting to a nice oversold area, maybe we see a little bit more downside here. but dip entry is definitely around this area :) target previous highs. goodluck <3
$MU might be a buy heading into a summer swoon $MU is right at its 50day EMA. The industry has been taking a break for a few months now. I think as we start approaching the back half of 2021 and see Micron blow out it's earnings and keep solving the semiconductor and wafer shortages we will see a rotation back into this name (and the sector. I still really like $QRVO $KLAC $NXPI and $QCOM)
MU LongMU seems to be pushing through moving avrg, and IH&S seems like it can push up to 90+ within a week or two.
$MU - Mid June Call Options Fib retracement and extension levels for $MU.
Just finished long downtrend and looking to continue wave 3.
Labeled entry and exit points accordingly.
Micron (MU)... Your GetOut of Semi Conductor Jail Card ?MU has suffered on recent tech sector weakness.
If you believe this will reverse them MU may be your horse.
1. The price has retreated nearly .382 % from the Aug 2020 to April 2021 range.
2. There is a Harmonic Butterfly setup forming as well as an ABCD pattern.
3. Margins should expand for the company due to the under supplied DRAM market
4 MU's earning period ends this month and they report at the end of June.
5. Harmonic Butterfly patterns may extend as much as1.618% which is marked as the bottom of the reversal zone.
I would not be in a hurry to jump on this trade,
Pay attention to the broad markets especially the TECH sector sentiment.
Let it get a head of stream which is why my entry is above current levels
AS always D(o)Y(our)O(wn)D(ue)D(iligence)
S.
Trading Idea - Micron TechnologyBUY
ENTRY: 87.72 USD
TARGET: 95.51 USD (+9%)
STOP: 83.16 USD
1.) rejection at the uptrend support level. uptrend continuation.
2.) retest of the resistance level expected
3.) The profit margins achieved by the company are among the highest of any listed company. The company's business is extremely profitable.
4.) The company's financial situation is excellent, which gives it considerable investment capacity.
5.) Within the weekly observation period, an upward trend can be seen above the support zone at USD 64.19.
Micron Oversold After Testing Dotcom HighsMicron Technology has stalled after a big rally. Is it time to buy the dip?
The first pattern on the memory-chip maker’s chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that pullback alone is interesting.
Next is a trend line running along the lows of January 27 and March 25. It held that line last week.
Third, consider the $96.96 level where MU peaked on April 12. That was its highest level since July 2000, when the stock hit a record price of $97.50. It’s not a surprise to see the shares pause around that old resistance – especially because it’s also near the $100 mark.
Overall, MU is a conventional macro/momentum story. It’s roughly doubled since the summer lows but has always been viewed as a highly cyclical chip play. Earnings have been strong for several quarters and it now has the added catalyst of automotive demand increasing.
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MU nice inside day last FridayMU nice inside day setting up for a buy through 86.50 off this major trendline.
MUMU: Bounced off KL of 86.52. Poised to recapture the upside if it holds above 20ma over time. Has an expected earnings growth rate of 93.6% for the current year (ending 08/2021). The company has a long-term growth rate of 15.7%. Current price: 87.92
MU Triple Top inside Triple TopI like the price action for a bearish play on NASDAQ:MU . This morning spiked to make a local triple top which is also creating a Daily timeframe triple top.
This is a good example of using Multiple Timeframe Analysis as I talked about in my last video idea, linked below. We are using a short term timeframe setup combined with a higher timeframe setup.
Options also have very good spreads.
