Nancy Pelosi bought calls for these companies... what more do you need to know?
MU 94 BOUNCE or 92.7-93 BOUNCE Strategy: Post earnings report rally Buy into weakness at the bounce levels News Catalyst: "Micron Technology (MU) shares were up nearly 5% to trade at $94.84 on Thursday, as more than 25 million shares changed hands shortly before 2:30 p.m. EST. Over the past five trading sessions, Micron has risen more than 16%, compared to a...
MU is within a rising wedge Rising wedges are a bearish indicative pattern I am suggesting a collapse down to a stronger area of support to manage this rising wedge The other scenario is that this rising wedge breaks out to the bullish side, but for the consistency of chart pattern expertise we will stay with the bearish approach, which is considered appropriate.
Micron Technology, Inc. ( NASDAQ:MU ) Sector: Electronic Technology (Semiconductors) Current Price: $83.03 Breakout price trigger: $83.80 Buy Zone (Top/Bottom Range): $81.00-$78.00 Price Target: $89.00-$90.00 (1st), $95.00-$97.20 (2nd) Estimated Duration to Target: 45-49d (1st), 60-64d (2nd) Contract of Interest: $MU 12/17/21 82.5c, $MU 1/21/22 85c Trade price...
Global growing trend and strong penetration of a local resistance trend line is a good signal for further growth of MU. Nearest resistance is $81 - upside ~ 8.5%. Stop limit is $70 (-4%). Profit/loss ratio is 2:1. Reaching first target recomend to close 70% of positon and hold other one to rqach $84, $88 and $94 closing 10% of initial volume every point.
Micron is a long based off the technical breakout on the weekly timeframe. Targets lower 80 area and above there possibly 100. Chips have been running like crazy, does it continue?
Today we will take a look at Micron Technology, a company that engages in the provision of innovative memory and storage solutions. Time to check the Technical elements on the chart: 1) From 2018 until November 2020 the price was inside a massive range until we saw the breakout of it and a 50% bullish movement from that situation towards the top of the...
Micron Technology is a semiconductor manufacturer. It is primarily known for its DRAM modules, flash memory and SSD drives. The price broke through the resistance line. In fact, the 5th ascending wave has begun. Within the 5-wave movement, the price should reach at least the top of the third wave, which is about 30 percent from the current levels. Micron...
$MU consolidating at the highs failed to break and now seems to be approaching to key S/D area. I will be starting a position once $MU hits $65 and will be averaging all the way down to $62.
We have been watching this action for a long time. Everything is fundamentally positive for it. The semiconductor crisis is good for it. The products are in demand. Technically it will soon be possible to look for a long position. I recommend to look to buy when it gets above the 69 level. Further growth to $100 per paper. (43% Upside). ❤️ If you find this...
There is a wolfe wave setup on the Daily min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 74 which is expected to reach this price target within 14 days.
Micron tehnologie in weekly is still bulish and in consolidation phase. In daily the trend is bearish, but the correction is stopped for the moment by the last range. If we cross this range and break the resistance 75.95 and 77.11 we can hope the change of direction. Other way we continue the bearish trend For the moment wainting and see
MU has been beaten down lately with a decreasing quarter revenue earnings since 2018 and recently it has established a strong Support Demand Zone at $69. Net margin contraction has also played contributed into the press. Earnings is coming up in October and it is expected to be better. From $69 bottom support to the upcoming resistance at $72/$74 with Fibo of 0.5,...
Morning Star forming on W chart. Bought Jan 72.5 calls & Stock $68.58 is my Stop
Gapped down and broke out of the channel yesterday. However, the longer term up trendline + horizontal line supported the price. The big volume looks like it has exhausted all the sellers as well. Since on a longer term MU is still in an uptrend, let's see if we can get a bounce up back to close the gap for a nice 2.5 R/R Disclaimer: I'm not giving any trading...
will manage the book as we go, I like the current dip in this name $75 very good value IMHO buy dips sell rips...
Technical Analysis From the beginning of May, MU has been kept in a range; however: RSI has been making higher lows where price has been retreating at the same support level. OBV is confirming the uptrend in volume within the consolidation range. These two bullet points support a bullish case for MU. Trade analysis I expect MU will try to test the...