Basing a ReversalClear indication of basing after downtrend on short time frame. RSI uptrend is being respected nicely.
MU trade ideas
$MU long from 33 targeting 40 Bottom near the support 32.8 all indicators are oversold and possible for short-term bounce targeting the breaking point at 37.9 then below 40
MU: A recount shows a wave (ii) retracement of 76.4% which be it. Maybe another small drop to complete a double bottom.
$MU Options action alert, $37 June strike Huge VolumeThese high volume options as listed on the chart are really unusual as the price action is so poor in NASDAQ:MU and sentiment within the SMH and the Tech sectors are terrible. The June G20 summit is really seen as the last chance for any change in tone towards trade with China, so investors in TECH are wishing June was over asap. On the flip side the sector is in oversold conditions and MU have earnings on June 25th.
$MU Micron Short from 41.5 . Now 39.75 . Clear Bearish Pattern As it shows head and shoulders pattern to be confirmed after closing below 37.9 with target area of support between 34-32.5 RSI broken Dec-Uptrend Also MFI index showing some investors sold some quantity and broke down the trend . stochastic with sharp down trend which means more volatility . MU shares will be highly affected by US-China news which impact its revenue directly-indirectly . if markets bounce the target will be broken uptrend (purple) then drop again . if market fall then expected too see the level at 34.5 quickly...
$MU MICRON OVER EXPOSED TO CHINA , TODAY COULD BE NASTY.The Bull run has hit a real barrier today, optimism had been the fuel to keep the run going, but Mr Trumps tweet last night sent the Futures tumbling and provided many investors a sleepless night, whom were caught out by Fridays rally.
Bro, Micron about to Pop SoonAscending Triangle Pattern NASDAQ:MU
Inverse Head and Shoulder - apply the distance upward from the tip of the head to the neckline to get a target of $47.15 with an accurate target of $46.62
(I know the H&S is months old but the target remains the same.)
Thinking about this for awhile before I consider pulling the trigger on some calls.
Thanks for visiting.
$MU stalemateMU can convince me to go long with a weekly close above $45, somewhere above the 50MA. For now that area is acting as resistance and we're right there. No point in going long with your fingers crossed. I'm the kind of player who sits on the sidelines until a decision is made one way or another.
Weekly close above the 50 = long.
Current price - neutral.
Any price action below last weeks low = bearish.
Any price action below ascending triangle = bearish.
easy
Micron ReadjustingMicron is changing their future battle plan. It is not yet built into their earnings any bets is purely speculative. However that does not detract from the fact that this could be a great play.
200 MA breakout
MU Elliot pattern in a pitch fan?I don't know just spit balling, But I was a betting man... Which from time to time I am; I would bet that MU is going to the bottom extreme of the pitch fan. Also, I'm not giving anyone advice. I'm just drawing lines on a graph. You know; For funsies.
Bounce?MU is sitting on daily 200 EMA and BB middle band.
Will they hold? I could imagine a bounce here
MU - 1H bear flag in playOutlook:
- bear flag on 1H time frame
- Above 43.93, bear flag will be invalidated.
- Price still above both EMA 12 &26, that means the bulls have an upper hand.
- Below 42.99 -> bearish
- Above 43.93 -> bullish
$MU Micron is stuckMicron has had many issues of late, particularly with the commentary from analysts, yet another downgrade today hampered its chance of advancing. We will look for a break of $44.
30 Year Micron Chart... Very InterestingWe are currently sitting on the original kick-off line dating back to 1993. This line may provide the support for an eventual move towards the 2000 ATH of 98+
