MU trade ideas
MU Gap Fill forming H& S watch for possible short after gap fillMU Gap Fill forming H& S watch for possible short after gap fill at 47.35
At Major Resistance level and Upper Channel Resistance$MU had a good run, but it is reaching a major Resistance level at 48, It matches the upper channel resistance level, plus other technical levels like overextended overbought level, waning bullish imbalance, profit taking area, this can reduce the likelihood this will try to breach the 48 level. It makes more sense to try to retreat, shake the tree and try a second attempt after testing the support at 43. This creates a bearish leg targeting at 43. If the bearish side takes over, it may actually bring it down to test the secondary support level at 38. In the best case bullish scenario it could be bouncing in choppiness leaking momentum for a couple of weeks with eventual bull pumps and dumps to try to prevent the bearish positions from building up.
MU - long-term short setupMicron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD divergence and current wave C reaching symmetry with A in potential corrective B of larger degree , we are in very good spot to try first entry, and then move stop tighter, if we will see move lower in the upcoming month.
Stop: 64.67
Target: ~20$
NASDAQ:MU
$MU SHORT Top of the channel Targeting 41.3 Again Double top on RSI and on the top of the trend channel targeting support at 44 then 41.3 almost all indicators are over sold if you want play option take longer period to achieve your PUT goals . in very long term 38 is good support for long positions
MU looking like she has reached the top looks like red could be MU looking like she has reached the top looks like red could be here soon
MU about to make a golden cross all MA look bullishMU about to make a golden cross all MA look bullish
MU Not shorting imo 49 comingMU not playing momentum building after gs upgrade. Staying out if playing play 49 calls
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.
