If 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...
NVDA turned down today while SOXS rose a bit. On the 30 minute chart is shown to have have been trending down but then reversed in the after-hours trading period albeit with the low volumes typical of after-hours. The relative volatility indicator however showed a dramatic reversal and will be beyond the moving average within the indicator. Overall, I see...
This chart shows the long-term ratio between SOXL/SOXS. The intent is to detect reversals between semi-conductors long and short. At the pivot high, the price of SOXL compared with SOXS is at its highest. With a retreat from the pivot high, the price of SOXL is retreating while SOXS is rising. Historically in 2022 as shown on the chart, pivots were with a...
On the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was in a narrow range. In May as can be seen on the indicators, both volume and more especially volatility have increased significantly. The chart pattern is now that of an upward facing megaphone reflecting the volatility. The strength momentum band is much wider....
On the 2hr chart, NVDA popped from earnings over 20% putting with a PE Ratio sky high on the promise of semiconductor heaven and AI ecstasy. Can it stay there ? Will it lead other technology companies ( semiconductors / cloud services / AI et cetera) higher as well ? Is it now overbought and looking at a glass ceiling? The indictors suggest a near-term...
ASML is shown here on the one-hour chart as having a great quarter with consecutive favorable earnings It has moved above the blue volume trading range on the profile. The accumulation distribution indicator shows persistent and high accumulation. The volume heat map shows recent heat volume spikes. Since ASML has products essential to chip- manufacturing...
Greetings, 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...
Micron 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...
Greetings, 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...
We expect that the price will retest the upsloping support one more time, which would be the entry for the long position. From there we expect the price to go higher and retest the resistance which is the upper boundary of the wedge and it would be the final target for long.
NASDAQ:MU bottoming pattern that broke trend line. Looks very bullish. waiting for consolidation for a starter position.
- MU has broken through the ceiling of a falling trend channel in the medium long term. - MU is moving within a rectangle formation between support at 59.43 and resistance at 64.83. - MU has given a positive signal from the rectangle formation by a break up through the resistance at 63.13. - The stock is testing resistance at 64.00. - Overall assessed as...
NASDAQ:MU Very nice looking bottoming pattern. Close above 65 on a weekly basis would be very bullish.
NASDAQ:MU continues to reject the line, hasn't made a move similar to AMD or NVDA. This one is seriously lagging.
If you haven`t bought MU on my last signal: Then you should know that looking at the MU Micron Technology options chain ahead of earnings , I would buy the $60 strike price Puts with 2023-5-19 expiration date for about $3.60 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your...
$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.
MU has shown some great double tops and here are three examples, each with their own red arrow I expect price to retract to the strong trend line , rather than form a support at the previous double top line. Just a small breakdown but one to be noted.
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)...