MU trade ideas
at resistanceeither wait for the confirmed breakout or look for a dip entry imo. id do shares>calls here :) gl <3
MU Break Out?Look like a convincing bar printed yesterday I would like price to get above previous relative high or at least sit above the wedge for a few days.
Is Micron Finally Ready to Move?On Tuesday, we cited the pullback in the Philadelphia Semiconductor Index. Today, we’re looking at a member stock that’s been dead in the water all year: Micron Technologies.
Worries about the Covid recession have dragged on the memory-chip maker, despite strong results. Analysts at Deutsche Bank and Citi also think pricing will improve over the winter.
MU’s chart has some potential positives for the bulls. First is the falling trendline between the February and July highs. It broke that line three weeks ago and is now revisiting it as support. (Similar to the iShares Trust China Large-Cap ETF pattern on Monday.)
Second, MU’s 50-day simple moving average (SMA) just rose above its 200-day SMA: a “golden cross.”
There are also potential fundamental tailwinds given the strong industrial data this week from the U.S. and China, plus the upcoming iPhone 12 ramp. Traders may want to keep an eye on MU for a potential breakout.
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$MU 5 Month #HeadandShoulders Continuation #ChartPatternNASDAQ:MU is forming a 5 month head and shoulders continuation chart pattern with $54.50 price level acting as chart pattern neckline resistance. A daily close above that level will trigger a long breakout entry trade. Target for at least partial profits is around $60-$61 which is also the swing high from Feb pre-covid19 sell off.
MU:BUMBERSHOOT PATTERN TARGETING TO 60 LEVELCrazy bears are in big trouble us MU formed Bumbershoot PATTERN(INVERTED UMBRELLA) and we strongly recomend to buy stock at current levels and targeting 60 level.....
MICRON 1H OVER BOUGHT NOW...MU have Symmetrical Triangle but wait PRICE to enter the zone consolidate
tighten area.
then we will see clearly where the price will go. if breakout just follow the trend.
for this time short is the best. you guys see the points A, B, C my stocastic setting come from over baught.
this may also happen to point D
happy trading =)
Symmetrical TriangleLong entry with clear uptrend
One of those stocks that i can buy and not worry too much
we all have our favorites..those we feel are safe and those we risk from time to time
not a recommendation
Price action analysis for $MU -- signal may be long or shortMU daily chart price action hints that an entry opportunity is coming, but chart is giving both bullish and bearish signals. Be prepared for entry in either direction.
$MU Micron trend Break trade Setup
Great recovery from the earnings selloff,
Potential entry above $52.00
Target short term $55.00
ABC Bullish S TriangleMU has broken up and out of a bullish falling wedge
MU is also inside of a large S Triangle
NV is picking up and short interest is low
Not a recommendation
Micron Technology, great upside for this quarterThe Post-earning announcement drift is pointing upward for $MU.
AMD Sympathy Play?MU crossed the 20 day MA within the Bollinger Bands, and it looks like it has some room to run if we can break 50.21.
MACD signal line also gives us an indication we may have an opportunity to buy.
Possible entry point ~48 or ~50.
