$MU has been trading in this range since weeks but recent price movement was extremely bullish which may result in a breakout of this range and so printing new highs. I will keep updating this so make sure you follow me.
As the title indicates, here are the tops and bottoms for Micron on the Daily time frame. Micron kind of trades like a commodity, lots of chatter going around about the memory chip market bottoming. Micron earnings don't look great in the near term, however, they have solid fundamentals like cash flow, a dividend, and a big market share. I expect the recent...
This was an idea I did more than a week ago about Micron Technology . So far so good. I think after that textbook double bottom we are in for testing the high and see whether it will act as a resistance or are we going for the 60-70$ level. The fundamentals look okay, the company is heavily investing in R&D, so the outlook for 2023 is bright. I would love to...
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Micron Technology (MU) short-sell potential: Micron is under pressure today, trading down 4.70% after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. Micron's results were impacted by declining demand for electronics, and the company announced it will cut about 10% of its workforce. Price action...
Semiconductor company Micron Technology (MU) just announced it will cut 10% of its workforce in 2023 as it braces for revenue to drop more than 50%. Micron's revenue is not the only thing at risk of dropping next year though -- its stock price could be starting what may ultimately end up being a years-long descent. The above yearly chart (also reproduced below)...
Looking at the MU Micron Technology options chain, i would buy the $50 strike price Calls with 2022-10-21 expiration date for about $2.81 premium. Looking forward to read your opinion about it.
Micron Technology Short Term We look to Sell at 66.59 (stop at 70.43) Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish. Choppy price action seen. Selling spikes offers good risk/reward. Our profit targets will be 52.19 and 41.09 Resistance: 66.00 / 75.00...
Comment : 1) TrendX+ indicator - candlestick still wandering below trend line, mid-term downtrend 2) DDX+ indicator - although fund candlestick has breakout trend cross and now has supporting, however it is still under zero-axis, take cautious trading at this point 3) MCDX+ indicator - Weak, banker bar has very little while retailers bar (turquoise) has more...
There is a daily wolfe wave setup that triggered on July 1 closing day at 53.65. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 84.69 which is expected to reach this price target before Sept 22. Projected...
Micron Technology Short Term - We look to Sell at 65.98 (stop at 69.58) We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Posted a Double Top formation. The formation has a measured move target of 46.09. Selling spikes offers good risk/reward. Our profit targets will be 46.09 and 41.09 Resistance: 66.00 / 75.00 /...
If you can take a look at this chart you can understand the key fundamental levels also Nancy Pelosi play puts @ 50
Micron Technology Short Term - We look to Buy at 66.22 (stop at 65.18) We look to buy dips. Previous support located at 66.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 73.13 and...
Micron Technology Short Term - We look to Buy at 66.27 (stop at 64.82) Preferred trade is to buy on dips. Previous support located at 66.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. Dips continue to attract buyers. Our profit targets will be 71.40 and 74.49...
In both cases a bullish rising wedge is evident, while with a climb and transition through 2.618 I have made Bearish posts for MU based on this Rising Wedge pattern but now I can view it as in a bullish state due to the prior rising wedge and how it acted Weekly Chart
Micron technology has another uptrend to complete diametric pattern and then down to come back all this rise
I still think there is more downside to MU. I was right on my first analysis, now let's see if Ninja will do it again. Over all I am bearish on MU up until a day or two before earnings, even with the possibility of going into earnings. I posted all of my entries, stops, & take profits on the photo.
Micron Technology Short Term - We look to Sell at 79.59 (stop at 82.81) We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Closed below the 50-day EMA. Posted a Bearish Outside candle on the Daily chart. Trading volume is increasing. Our profit targets will be 68.29 and 66.73 Resistance: 85.00 / 96.50 / 100.00 Support:...