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...
Price in a rising channel, expecting the bullishness to continue backed with positive analyst expectations. First target around 90 USD. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
I tried analyzing MU and I feel it is bullish. It is not a current market price trade as risk is way down near 73 but target is 87.
I am long and will continue to hold it as I see $88++ coming.
Imagine support and resistance zones as floors on which lemmings walk.
When a lemming enters a different floor, it usually walks around that floor for a while before deciding to go up or down to another floor. What would happen in your trading if you started to perceive the price as such lemmings walking between the floors of a building?
Based on an assumption that current price action is an accumulation ,
i initiated a position today based on BO of BUEC (POE #4 ) -
Entry : 76.40
Stop Loss : 74.23
Take Profit (2r) : 80.77
Short Term Trade, more risky entry compare entry @ BUEC
Pure Wyckoff Methode
Micron's share price is looking attractive at current levels but a pull-back will be appreciated. The current price still looks attractive as we come to the close of the year. The price will probably face some resistance at $ 80 if the stock pushes higher in December and January.
If the stock falls to the 50-month MA, I will buy more shares as I wait to see if...
IMO, the strong earnings we just saw and sympathy could bring MU to all time highs by the end of 2023! I'm VERY bullish above $75, to AT LEAST $85ish. This ticker is a diamond in the rough and will receive sympathy from NVDA and AMD. Cheers!
The asset is operating within a long-term uptrend channel.
The medium-term setup appears to be an inverted H&S (Head and Shoulders) pattern. Currently, consolidation is taking place, and soon we might be witnessing a breakout, potentially aiming to retest the top of the uptrend channel.
Thank you!
