i28. Micron TechnologyBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
MU trade ideas
MIcron, trade the channelEntry level $46.33 above mid channel resistance.
Target price at top of the channel $47.84, if the channel breaks let it rip.
stop loss $45.93
MU Forms Symmetrical TriangleA short-term triangle is underway for MU as it hits heavy resistance from previous monthly highs. The candlestick patterns are indecisive.
Micron still needs timeThey need some more time and news before they truly go crazy with their 3d Memory
Triangle crackedIf market falls from here this is an excellent short setup. please don't message me about how charts don't work. Triangle apex was gold
MU to make a big move up in the coming weeks (60%+)MU has hit some sort of brick wall. The most probable path appears to be a climb up the new found support line (orange). Multiple confirmations of this path, rather than say a big drop, the most significant of which is the divergent volume. You can see the areas of the chart which may be fractaled from pattern matching the RSI and MACD movements. I expect the initial jump to be fast and furious, followed by a more reasonable climb, until it falls outside of the ascending trendline (at around the 2nd target line). The TA generated targets shown seem reasonable from a fundamental standpoint, with a number of different analysts upgrading their assessment recently. 2020 Q1 Earnings on Dec 12, to give you a sense of relative timing here. I think the initial jump might happen prior to the earnings call, with whatever good news that's released already having been priced in, but that's a matter of conjecture - and really dependent on how the broader market moves between now and then. There's enough runway here for the initial big jump to happen after the 12th, and the price may be relatively flat prior to that, so I'd take a conservative approach with timing if you're taking the options route.
MU Short. Head and shoulders pattern.Mu is showing a possible head and shoulders pattern and presenting a 25% loss in about 20 days
$MU Micron set to surge higherEntry level $48.80 = Target price $53.00 = Stop loss $47.80
Optimism has had a major boost in recent weeks within the tech sector, what was once global recession talk is now turning to global recovery as stimulus packages worldwide have started to kick in.
China trade talks remain a massive hurdle but the signing of a part deal could open the door to a tech rally as the bottom may be in for demand.
Head & Shoulders / Rsing Wedge after DowntrendSize of the rising wedge stops just about where the next support line rests.
Needs to break through a crossroads at 46.70
Aiming at 42-44 within next 2 weeks
Micron Technology MMHVWI - looks like composite operators have completed accumulation. Potential 31% move in the makings.
$MU YTD view Head & Shoulders trageting 36.36 if break 44 again!Extreme bearish pattern on YTD view showing possible head & shoulders pattern targeting area between 36.36 and 34.34 which also the previous big gap on 26th June . This bearish pattern will be confirmed after drop below 44 then it will break the neck trend which will lead to fast drop . stoploss for this idea is to close above 49
MU in Trading RangeMU is in a Trading Range pattern at a new high, and is moving with some High Frequency Trader activity to the downside recently. This stock is heavily traded by Retail Traders.
$MU SHORT BELOW 49 Targeting 44.4 Target achieved from my bullish idea at 44 and now reached more than 10% up .. expected to back test 46 and confirm support.. if failed then 44.4 will close gap and can be strong support for coming long time ..
$MU Buy Signal on Micron ChartHistory is a good indicator of the future, they current crossing in the MA's are bullish but possibly wait for a few sessions.
Average price target $55 | Overweight
Company profile
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
