undervalued based on current price below its cash flow value and it’s level of debt is just 11.9% which compare to its networth is satisfactory.
When is it a double top versus a channel? When current price action is an incredible 1.786% extension of the AB leg and the recent tops demonstrates a negative divergence with the MACD. Breakdown from the neckline will imply a downside price target of $30, -35%.
Junk rating $64 Wall Street upgrades to $110
MU would be a good short between $41 and $42 as it bounces off of the top of it's id-term downward channel.
Bullish pennant, tk cross, and kumo twist. RSI is looking ready for an uptrend as well. price has confirmed uptrend by passing cloud. Buy some shares and watch it closely on larger time frames to ensure its good to hold
similar to BABA nearly exact... Trendlines Fibs and Gaps. Wave T would work too
MU is still in a downtrend on daily but i'm expecting one last wave down before a potential reversal. Look to the price action in that level on a lower timeframe.
As the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock...
* Some indicators are looking bullish on D1 * "TD Count" has been started to count green. * Target 1 is on Kijun-Sen and fibo. retr. 0,5 * Target 2 is in area which has cloud resistance and trend resistance.
Next movement for MU let us see if we will be right or not in that Please like and leave comment,we'll appropriate that a lot. Best of Luck. CryptoStarsChannel.
I believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or...
Reasoning is as follows Look what happens when daily price breaches lower bollinger band (highlighted in green circles) - price rips back up Price is just hovering on channel support These two reasons are clear enough for me that price will revert up. One thing to note, there is a strong VPOC node in the $42 - $43 area (not shown here) as well.
I have identified a pennant on the daily chart of $MU. The price has continually risen for over 1 year now and has been consolidating for approx 3 months whilst touching the top of the pennant 3 times. The first high of the pennant has been met with large volume then weakening as we go along. Hopefully, in the near future, we can break above the upper trendline.
I think the ABC correction is done and we're probably heading for another Impulse Wave. 4h RSI is at 20 which has been a good buy signal historically. We're also at a good trend line support. Hoping to close this position at around $52 with no stop loss. Happy Trading :)
MU has bounced off of the bottom of it's short-term trend at $51.5 and continues it's trajectory. We could see a break up to the high $54's this week. Options expiring this week have little premium, so there's a clean way of playing this uptrend.
Traders seem to be under the impression that MU will, for whatever reason, miss earnings on September 20th, but there's no reason to suspect that at this point. I expect MU to continue it's long-term upward trend with a nice spike above $55, perhaps after earnings on the 20th.
Back to my Fav stock MU! We are hitting Support Zone from the ice previous sell and trading in the range. So we have the following 2 plans. Plan 1 : If it breaks below 50...Sell any pull back to 50. Target 48/46 Plan 2: Plan : Any bullish candles on 51...BUY!! and it will go to 56!