On March 21, 24, NASDAQ:MU broke out strongly out of a very long consolidation, starting from the beginning of 2021, a 2-year consolidation!
There is no buy point for me here. But a pullback to the previous resistance (the horizontal yellow line as shown on the chart) would provide a good opportunity.
Or let's see if there will be any short-term pattern forming here..
MU on the monthly chart 4 weeks ago crossed above the previous ATHs of 2021-2022 and has
risen without retesting. Adding $9 to the all time highs for 10% inflation since then would adjust
them to $104 and price is now in that range and above. Price is in the uppermost anchored
VWAP bands and thus prone to reversal. However, MU is not as overextended as NVDA....
If you haven`t bought the dip on MU:
Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 95usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I...
The thought process is simple, it opened ridiculously high and only fell, while being entirely out of the previous range. This is the beginning of a very likely short term pullback that may last as little as 20 minutes tomorrow morning. But these often Provide multiple waves to ride down through the day. And the pattern is there on daily charts too which is a plus...
Reasons for bullish bias:
- Price has given channel breakout
- Entry at 0.382 fib retracement
- Earnings date is 20 March, it might pump up
- Safe Entry will be above 102
Here are the recommended trading levels:
Entry Level(CMP): 94.16
Stop Loss Level: 78.64
Take Profit Level 1: 109.68
Take Profit Level 2: Open
Micron Technology Inc. ( NASDAQ:MU ) stands tall as a prime beneficiary. The recent surge in Micron's stock price, following an impressive earnings report and optimistic guidance, underscores the pivotal role the company plays in powering AI-driven innovations. With CEO Sanjay Mehrotra at the helm, Micron's strategic vision and robust performance position it as a...
Analysts at Citigroup have raised the target price of semiconductor manufacturer Micron Technology Inc.'s shares to USD 150 from USD 95, suggesting a 64% increase. The bank believes that the company's shares should trade at a premium relative to average market prices, considering the growing influence of artificial intelligence. The issuer is a supplier of...
Regarding Micron Technology, we believe we are dealing with an overarching Wave (3). This wave should reach at least the 161.8% extension level at $158. We've seen the Wave (2) low buy at $1.36, indicating significant parabolic momentum has been built up. Since that low, there's been an increase of over 5000%, which is staggeringly high. However, as rapid and...
With recent surge in chip makers and AI tech. NASDAQ:MU is a great name to watch after the recent trendline break and RSI curling!! Looking to take this name long this week over $87.
Micron Technology ( NASDAQ:MU ) emerges as a pivotal player, strategically positioning itself to capitalize on the accelerating demand for artificial intelligence (AI) infrastructure. Embarking on a promising trajectory, Micron's ( NASDAQ:MU ) recent collaboration with Nvidia ( NASDAQ:NVDA ) heralds a new chapter in its journey, propelling the company towards...
As my previous analysis of micron in terms of big picture
now i am focusing on the mark up phase, in which i am using the upsloping trading range as proposed by ProF Roman
According to David H Weiss (Trade About To Happen),
Upthrust (UA) in an upslopping/uptrending, is a precursor to a short term /temporary of downtrend
i initiated trade based on assumption...
Micron Technology has pulled back after hitting its highest level in almost two years, and some traders may see an opportunity.
The first pattern on today’s chart is the price area around $85, MU’s approximate high in the first half of January. It also represents a 50 percent retracement of the move so far in 2024.
Second, the memory-chip maker is trying to...
This Week FORECAST
Opportunity for MU. This setup I ready for this zone to entry. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand
After weathering a challenging post-pandemic downturn in the memory-chip markets, Micron Technology Inc. (NASDAQ: NASDAQ:MU ) is emerging from the storm with promising indicators of recovery. The company's fiscal first-quarter earnings report reflects higher revenue, an improving gross margin, and rising average selling prices for DRAM and NAND chips. As global...
