MU Not shorting imo 49 comingMU not playing momentum building after gs upgrade. Staying out if playing play 49 calls
MU trade ideas
Micron Short - Rising wedge pullbackMicron (MU) has had a monster run, now it looks time that the longs will take profits.
MU is in a rising wedge and has shown a high degree of excess exuberance, i would be looking at either taking your long profits now and wait for a pullback to the 9 ema, or i would look for a short trade with the same target in mind.
Personally i would favor the latter as the broader market also looks set for a sell off (i talk about hedging SPY also) and given micron has quite a high relative beta, this should drag MU down also.
Micron upgrade, call activity, and ascending triangle breakMicron (MU) got an upgrade to "strong buy" over the weekend from Zack's, the best-performing analytics firm. It also got some huge options volume today, targeting $49 and $55 per share. That's probably on the strength of both the Zack's upgrade and the stock's ascending triangle break. The triangle break implies an upside of about $6 per share from the current level.
MU bearish divergenceMU sowing bearish divergence on the 1D, 4hr, & 1hr
Short position with three targets
MU BULL PLAYMicron has double bottomed and bounced perfectly off fib support. Long August 16 50$ calls . may trim some profits next jump. keeping eye on how it plays out but from what i see 50$ is reachable.
MU Faces Resistance After Momentum Run out of Basing BottomMU retested its bottom lows; it will find support at a higher level after reaching above the top red line drawn on the chart. The Basing Bottom created sufficient hidden momentum as the stock gapped and ran vertically up to resistance.
$MU Short overbought Targeting 41.3Overbought showing on all indicators need to get support above 36 -37
Micron (MU) - The Trend is your FriendMU retested the ~ $36 break-out twice and has since headed higher. A solid close above $46 could indicate continued strength and a push towards $58-$60 would be the next target.
Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers in the sector signal MU would be worth over $100. Strong balance sheet, share repurchases, and structural demand suggest this is a stock to watch going forward.
MU ! road to 50 againSo, I made a call on some August 16 45$ call options, I said in last MU post. confirming today the breakout is real, and seeing the amount of volume that poured into 45$ calls. MU is def going to surpass 45 again. Looking at other technical indicators. 50$ is possible and could be there sooner than later.
MU has been pretty damn strong after its rebound and earningsliking MU again since earnings, the stock has been holding up well. bought 45 calls Aug 16 yesterday. Triangle breakout possible going into tomorrow.
Daily MU forecast analysis report by Supply-demand strength.03-Jul NASDAQ:MU
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.8% (HIGH) ~ -0.4% (LOW), 0.3% (CLOSE)
%AVG in case of rising: 3.3% (HIGH) ~ -0.7% (LOW), 2.7% (CLOSE)
%AVG in case of falling: 1.3% (HIGH) ~ -2.2% (LOW), -1.0% (CLOSE)
BULLISHpossible reversal price currently testing old pullback level , followed by inverted hammer accepted by strong Bullish candle
MU in Higher Time Frame Supply -- Short OppotunityEntry: 39.85
Protective Stop: 40.70
Safety Target: 38.02
Final Target: 35.07
HTF Supply + Trend Line Break = Look for opportunities to go short on the retrasal
Safety Target is 2:1 (65% success Rate)
$MU Calendar Spread Opportunity$MU just had earnings and traded way up again today. Right now I'm looking at this "congestion zone" that the stock had back in February - March of this year. I think that if $MU keeps going that it might stall out here in this zone, and that might be a good opportunity to buy a Calendar spread on $MU - a trade that takes advantage of increasing IV. I have had success buying calendars on $MU in the past.
Still Going StrongMU has continued volume and technical support.
Trend Shift Heikin Ashi showing reasonable risk values given the recent price shift
Volume confirms this assumption
Slow but steady.
Check out the TSHA indicator. Feedback appreciated.
