MU trade ideas
How Long Can Micron Hang On?Micron Technology has remained above a key level despite weakness in the broader market. Is it vulnerable to a breakdown?
The first pattern on today’s chart is the September 12 low of $84.12. MU has remained above that level, but would-be sellers may watch for a potential close below that support.
Second, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. That may suggest its longer-term trend has gotten more bearish.
Third, our 2 MA Ratio script in the lower study shows the 8-day exponential moving average (EMA) has crossed below the 21-day EMA. That may suggest bears are gaining an edge in the short term.
Next, TradeStation data shows MU is the twelfth-busiest options underlier in the S&P 500. (Average volume in the last month is about 175,000 contracts per session.) That could make some traders look to position for moves with calls and puts.
Finally, earnings after the closing bell on March 20 may serve as a potential catalyst for movement.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
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Micron Technology Moves Off Resistance. MUTight trading channel at hand here, technically signaling for a bullish take in this instance.
BUY MICRONWe have been consolidating at around the current demand zone struggling to find a sense of direction. With the earnings report releasing in the upcoming week we can expect to take advantage of the possible volume that may come with it.
Looking to ride this up to previous highs.
MU: Buy ideaOn MU there is a high probability of having an upward trend after a rebound on the support line and in the event of a breakout of the vwap.
Long on MUBig squeeze occurring on weekly chart. Looking for a swift move to the upside within next 4 months or so.
$MU getting accumulated with PT $140-220- NASDAQ:MU GAAP eps is growing substantially in 2025 and 2026 but market hasn't rewarded NASDAQ:MU
- It appears that whales are accumulating the stock and/or suspicious of NASDAQ:MU future demand.
- If analyst expectation and company's projection is true then this stock is grossly undervalued.
Based on the fundamentals:
Year | 2025 | 2026 | 2027
Gaap EPS | 6.32 | 9.65 | 11.27
EPS growth | 730.48% | 52.72% | 16.80%
Bear case ( for. p/e = 15 ) | $94.8 | $144.75 | $169.05
Base case ( for. p/e = 20) | $126 | $193 | $225
Base case ( for. p/e = 25 ) | $158 | $241 | $281.75
Bull Case ( for p/e = 35 ) | $189 | $289 | $338
Can Micron Undo the DeepSeek Selloff?Micron Technology plunged two weeks ago when China’s DeepSeek model disrupted Silicon Valley. But some traders may see potential for a rebound.
The first pattern on today’s chart is the gap from Monday, January 27. Does that empty space create potential for prices to fill?
Second is the September 12 low at $84.12. MU remained above the level despite the DeepSeek fears. That higher low on the weekly timeframe may be consistent with resumption of a longer-term uptrend.
Third, cautious guidance drove prices lower in December but the memory-chip maker held its September low. That could reflect optimism about business improving.
Next, the stock is below its 200-day simple moving average (SMA). Given secular growth in its business thanks to AI, some investors may see a long-term value opportunity.
Finally, MU has traded an average 215,500 options contracts per day in the last month. (It’s the 13th most active underlier in the S&P 500 in that time, according to TradeStation.) That could help traders looking to position for a rebound with vertical spreads.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Opening (IRA): MU March 21st 75 Covered Call... for a 72.85 debit.
Comments: Looking to do something small here on weakness: Selling the -80 call against shares to emulate the delta metrics of a 20 delta short put, but with the built-in defense of the short call. Earnings are on 3/19, so will look to be out by then.
Metrics:
Buying Power Effect/Break Even: 72.85
Max Profit: 2.15
ROC at Max: 2.95%
50% Max: 1.08
ROC at 50% Max: 1.48%
Micron Technology - The Textbook Chart!Micron Technology ( NASDAQ:MU ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For the past seven year, Micron Technology has been respecting a pretty clear rising channel pattern. With the recent all time high breakout, it is very likely that this level is now holding as support and we will eventually see a rejection and new all time highs.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Micron (MU) Stock Update: Correction or Collapse?Morning Trading Family
Here's what's up with Micron (MU): If it bounces back at 92, cool. But if it keeps going down, it might hit 89-90 before it stops. If it drops past that, we might see it go to 84 or even 80. This could be a big moment for MU, so keep watching!
Kris/Mindbloome Exchange
Trade What You See
HUGE consolidation area at 95The oscillators are waiting for a breather and a break. This is going to break the mid-90s if the bearish sentiment gets louder. The tech sector, specifically AI, has helped with bullish conditions in the market. Technically, this has more than enough room to continue even lower.
Micron's Next Move: Will $102 Trigger a Drop to $98?Micron (MU) is showing a head and shoulders pattern, and it’s at a critical level. If it breaks below $102, I think we could see it drop to $99.50 or even $98.
This could be a big move, so keep an eye on it!
If this helps, I’d love to hear your thoughts—drop a comment, like, or share. Let’s trade smarter and live better! 💡
Kris/Mindbloome Exchange
Trade What You See
Micron Technology (MU)- Dual Scenarios Emerging from Key LevelsMicron Technology Inc. (NASDAQ: MU) - Navigating Key Levels with Analyst Insights
Micron Technology (MU) is at a pivotal juncture, trading between significant support and resistance levels. While the technical chart suggests dual possibilities for the price movement, analyst projections and ratings further highlight the stock's potential for the coming year.
Chart Analysis: Key Levels to Watch
Support and Resistance:
The support trendline near $87 has proven to be a robust base for Micron.
On the other hand, the resistance zone at $115-$120 marks a key hurdle for any bullish breakout.
Potential Scenarios:
Bullish Case: A breakout above $120 could see the stock targeting $140 and $160, marking a continuation of its broader uptrend.
Bearish Case: Failure to hold the $85 support and the ascending trendline could lead to a retracement toward $70 or lower.
Analyst Insights: 1-Year Forecast
Average Price Target: $132.01 (a potential upside of +47.87% from current levels).
Maximum Estimate: $250 (a whopping +180.02% upside).
Minimum Estimate: $31.66 (a downside risk of -64.54%).
The analyst ratings further reinforce the bullish sentiment:
27 analysts recommend a Strong Buy.
9 analysts suggest a Buy.
Only 1 analyst lists it as a Strong Sell.
This positive outlook aligns with the bullish potential of a breakout above the $120 level.
Trading Plan Based on the Setup
Bullish Setup:
Entry: Above $120 with volume confirmation.
Targets: $114, $120, $140 and $160.
Stop-Loss: Below $85.
Bearish Setup:
Entry: Below $85.
Targets: $70 and $63.
Stop-Loss: Above $87
What’s your outlook for Micron? Will it surge past $120 or retreat toward $70? Share your thoughts below and let’s discuss! 📈🚀
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
Micron Technology's Journey to the 136 PeakGood morning, trading family! Here's the lowdown on Micron Technology (MU):
Picture MU climbing "136 Peak" with hurdles at $104, $111, and $114. Each is like a mountain bump where we might see a slip or a leap forward. With AI and memory chips in high demand, Micron's equipped for this climb, but expect some corrections like pit stops. Keep an eye on tech trends and the economy; they'll tell us if MU makes it to the top!
If you found this useful: boost, share, like, and comment. I appreciate all the support! If you're struggling as a trader to be sustainable, I get it - I've been there myself. Jump in, send me a DM or head to my profile; I'm more than happy to help.
Kris/Mindbloome Exchange
Trade What You See
MU Tests Key Support! Will the Bulls Hold the Line? Jan. 14
Technical Analysis Overview:
4-Hour Chart:
* Trend: MU is retracing after a sharp rally, consolidating near the $96-$97 level.
* Indicators:
* EMA (9/21): The price is below the 9 EMA, but the 21 EMA is providing nearby dynamic support.
* MACD: Shows bearish momentum, but the histogram is contracting, signaling potential stabilization.
30-Minute Chart:
* Price Action:
* The stock is holding above $96, a key level aligned with immediate GEX resistance.
* $92.5 acts as critical support, highlighted by high PUT support.
* Volume: Lower volume on the pullback suggests a lack of strong selling pressure.
Key Levels to Watch:
Support Levels:
* $92.5: Significant support zone aligned with strong PUT activity (-99.65% GEX).
* $90: Next major support level, close to the 3rd PUT Wall.
Resistance Levels:
* $96-$97: Immediate resistance and highest positive NETGEX level.
* $100: Next resistance, coinciding with the 3rd CALL Wall.
* $106.7-$110: Major resistance aligned with the 2nd CALL Wall.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $96-$97: Immediate gamma resistance and the highest positive NETGEX.
* $100: 21.31% GEX (3rd CALL Wall).
* $110: 34.38% GEX (2nd CALL Wall).
* Negative Gamma Levels (Support):
* $92.5: -99.65% PUT support, critical to maintaining bullish structure.
* $90: High PUT activity (-75.97% GEX).
Options Metrics:
* IVR: 29.9, indicating relatively low implied volatility.
* IVx: 49.1, close to average.
* Call/Put Bias: 30.7% Calls, leaning slightly bullish.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $97 with volume confirmation.
* Target: $100-$106.7.
* Stop-Loss: Below $92.5 to limit risk.
Bearish Scenario:
* Entry: Rejection at $97 or a breakdown below $92.5.
* Target: $90-$87.5.
* Stop-Loss: Above $100 to control losses.
Directional Bias:
* MU's recent pullback presents a consolidation phase, with $96-$97 as a critical inflection point. Bulls need a breakout above this zone to retest $100-$106, while bears will likely target $92.5 or lower if support breaks.
Conclusion:
MU is at a decisive level, with $96-$97 serving as immediate resistance. A breakout or rejection here will define the next trend. Traders should keep an eye on gamma resistance and support levels for actionable opportunities.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
MU ACCUMULATIONLooks Like accumulation into break-out soon or possibly last leg of Accumulation with Final Shake-Out
Micron a bullish thesisHas anyone seen the daily volume candle today for micron?
Makes one think we're at the start of something special.
Tsmc growth report
NVidea
Quantum still a way off
Sofi, palantir, nvidia, Tesla all need a cool.down.
So where do you go?
Especially when Ram is at least 30% of the Ai cake.
When it's all said and done these Companies will be the backbone of the AI infrastructure.
How about to critical components for AI in a stock that has been beaten down?
Goodnight & thankyou 💓
Micron Technology: Bearish or Ready to Break Out?Good morning, trading family!
Micron (MU) is at an important spot right now:
If we move lower, I’m watching $97 and $96 as key levels, with potential for more downside.
If we hold above $100, there’s room to climb to $102, $103, and $104. A break above $104 could mean a smoother ride higher.
I’m also hosting a Master Your Mind Traders Class this Sunday to help you refine your skills and mindset. Want to join? Send me a message for details.
Kris/ Mindbloome Exchange
Trade What You See
