NASDAQ:NVDA as shown on the chart with a strong day before the Thanksgiving Day break. Will others in the semi-conductor sector follow ?
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.
• MU is reacting this week, but the trend is still bearish; • MU is doing lower highs/lows, and in theory, it is seeking the next support at $46.23 (red line); • Could MU bounce from here? Yes, and this week is doing a bullish reaction, but it must close above the $51.30 again in order to recover to the $58 - $60 area again; • By closing above $51.30, MU will...
NASDAQ:NVDA NVDA on the daily chart appears to have formed a flat top triangle with the trendlines drawn onto the chart. Price appears to be falling outside the ascending support line before upcoming earnings. Will NVDA rise to regain support or breakdown further?
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...
AMEX:SOXL This chart strives to setup a trading plan where the SOXS and SOXL are oscillated. They are 3X leveraged ETFs with great range. SOXS was up 400% YTD at its peak. The new CHIPS ACT is a catalyst for US semiconductor manufactures Right now the ratio is on a downtrend, meaning Sell SOXS or BUY SOXL or a combination of each. I believe that this...
NASDAQ:NVDA Fundamentals- CHIPS in effect booms economy for NVDA as the USA tries to diversify from Taiwan semi-conductor dependence while China looms large Technical: Earnings coming ascending trendline with increasing relative strengh. Sitting on the support of the POC of the volume profile.
Looks like it will be a sell event on chips bill. The chart looks prime to retest $160 before ramping up for earnings.I would wait for a pull back to $160 or even $155 before loading up long for earnings. Watching closely. Not a financial advise and do your own DD.
AMD is on a really important zone here. if this breaks, its going to be a disaster for it. we can see 59-60. most of the semi conductor names like AMAT, NVDA or just semi etf SMH are pretty close to 200 weekly moving range. we might see it next week. MU reported ok numbers for this quarter but their guidance is awful. • They slashed EPS by 40% and REV by 20%...
First off, I am NOT implying that these two assets actually have a meaningful relationship with one another (correlation of any sort/or if MU goes down so does BTC, vice versa). I am just pointing out that Bitcoin and Micron have had similar price action in terms of peaks and troughs and I want to keep watching that relationship. What's interesting to me is...
A secular bull market is a long-lasting shift in an industry that leads to substantial growth over a long period of time (crypto/electric vehicles/semi-conductors/e-commerce, etc) Micron is a good example of a stock in an industry that's in a secular bull market and has some great classical charting patterns on a short term (daily) and long term basis...
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 /...
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...
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
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
A bullish swing trade? Bouncing of EMA10. Target is 1.2x
Micron technology has another uptrend to complete diametric pattern and then down to come back all this rise