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MU trade ideas

MU has formed a very nice base and is breaking outCall it what you want, double bottom, triple bottom, possible cup and handle... Resistance has now turned into support. Now the question is, how impulsive will this rally be, or are we going to consolidate further during the summer and create a handle? The measured move of the triangle/double bottom hasn't been reached which leads me to think this might become a cup and handle pattern in the weeks/months to come. But who knows, we could also go straight up from here. I will be willing to add shares to my long position on Micron in the low 60s. 62-63$ would be a good place to buy more shares if the stock has a correction this summer. There is a macro 2.618 fib level at around 59.20 on the log scale but it has already been consolidated on and backtested as support. There is a chance we might revisit it this summer, but we could also make a higher low a couple of dollars higher. On the monthly timeframe there is some interesting stuff to note: The 62-63 dollar level coincides with a macro trendline and the bottom of the weekly EMA ribbon. The top of this ribbon is at around 68$ which is our support right now. If we overshoot the 62-63 dollar level to the downside, I expect 59$ to hold. If it doesn't then we could go as low as 44$ but I do not think this is the most likely scenario. Keep in mind this is a long term swing trade/investment idea. I don't scalp or do options/leverage trading. I try to buy good companies for the long run when they are undervalued by the markets.
NASDAQ:MULong
by cicatrace
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU here: Or sold here: Then Analyzing the options chain of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 64usd strike price Puts with an expiration date of 2023-6-30, for a premium of approximately $1.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MUShort
by TopgOptions
MU, 10d+/-16.43%falling cycle -16.43% more than 10 days. ================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NASDAQ:MUShort
by Tonyder
Update $MU , Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities. As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals. In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you. My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market. I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated. Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices. Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading! Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NASDAQ:MU
by wealthwiseida
Long Trade in MUMicron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the first breakout into a new Stage 2 uptrend which is exactly where I like to buy. Look to build a position in the mid $60s if possible. The trade sours if it closes below its 50-day moving average (red line on chart) which is currently around $62 and rising.
NASDAQ:MULong
by rossgivens
Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities. As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals. In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you. My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market. I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated. Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices. Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading! Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NASDAQ:MU
by wealthwiseida