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Micron

MU - long-term short setupMicron reached nice levels where to start building short position. In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession. More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD divergence and current wave C reaching symmetry with A in potential corrective B of larger degree , we are in very good spot to try first entry, and then move stop tighter, if we will see move lower in the upcoming month. Stop: 64.67 Target: ~20$ NASDAQ:MU
NASDAQ:MUShort
by Silvestrov
Micron Short - Rising wedge pullbackMicron (MU) has had a monster run, now it looks time that the longs will take profits. MU is in a rising wedge and has shown a high degree of excess exuberance, i would be looking at either taking your long profits now and wait for a pullback to the 9 ema, or i would look for a short trade with the same target in mind. Personally i would favor the latter as the broader market also looks set for a sell off (i talk about hedging SPY also) and given micron has quite a high relative beta, this should drag MU down also.
NASDAQ:MUShort
by Profit_Link
Micron (MU) - The Trend is your FriendMU retested the ~ $36 break-out twice and has since headed higher. A solid close above $46 could indicate continued strength and a push towards $58-$60 would be the next target. Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers in the sector signal MU would be worth over $100. Strong balance sheet, share repurchases, and structural demand suggest this is a stock to watch going forward.
NASDAQ:MULong
by The-Trend-is-the-Friend
MU watching Semi's this week with G20 newsMU has been beaten down for far too long - considering the amount of cash they make. RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2. Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's. Patience with MU from my experience - So volatile with memory news with every little concern feeling like blows to the gut - most of which is overplayed IMO - as is a lot of things with the market I guess! GLTA
NASDAQ:MU
by Slothcharts14
$MU to the moon. The semi business has bottomed! LONG TERM TRADE. ONLY FOR THE PATIENT. On Thursday, $AVGO (Broadcom) earnings call called for a bottom in the semi business in Q2. With that being said, $MU is looking like a good setup for a long term swing trade. In December, we see micron bounced at $28 and rallying to $43. Now we are currently sitting on the 9 day avg line (1 week time frame). I have chosen the 1 week time frame to show you the close up price action. If we look at the monthly time frame, we see the Ichimoku cloud showing we're still in a bullish trend (above green cloud). What to watch (1week time frame): -Watch for price to hold above 9 day avg line or 26 day avg line if falls below (shown above). -Micron will be reporting earnings on Wednesday after market close. I believe it will pop but staying cautious. This is an analysis, not an investment advice.
NASDAQ:MULong
by Litwolf
MU Overbought - Expect an 8% drop from hereSemis are severely overbought and MU has outperformed the recent bull run this month without any uniquely good news for them, so I expect MU to give back it's gains on a pullback more than average. With semis overbought, market uncertainty into next week, and weekly options expiring tomorrow, I expect a decent selloff tomorrow. Tomorrow would be great timing for an MU selloff, especially considering price movement has been mirroring it's recent price action up. Though, I don't recommend buying puts expiring tomorrow, the options are dirt cheap considering the likelihood of this playing out, so I've just bought last day puts out of the money as a yolo, but am also holding puts expiring in a couple of weeks, since I could be a little early for the pullback. I will add puts into next week if it does not pull back.
NASDAQ:MUShort
by RyanDreBach
Micron possible break outNASDAQ:MU has formed an inverse head and shoulders pattern that broke out. This break out failed to make new highs, however I believe it created opportunity to enter into Micron. Microns business is about to change by a lot. Let me explain, Micron sells NAND memory, which is non-volatile. Non-volatile is a fancy way of saying it doesn't need power to remember things. Think about like this: You lose power at 7:15 AM where you live. If you have an oven, old analog clock, or VCR when the power comes back they will all reset to 12:00 (or something similar but it will be whatever is the default to go back to). If any of those devices had NAND memory when they came back on they would read 7:15 AM. Does that make sense? You don't need energy to remember things. So what? Less energy used means more battery life. Even more so what? Think about all those cool little devices you dreamt up as a kid. Those weren't possible because how long could those devices run on battery? Think about how large of a leap going from double A batteries to rechargeable. NAND makes it possible. * This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
NASDAQ:MULong
by OptionalIdeas
RAISING POSITION TO 2,000,000 SHARES. UNWARRANTED SELL OFF!Folks, Fake News has Micron Bankrupt while other companies that depend on Micron products, Microsoft, Apple, Google, Amazon, Facebook, Twitter, Data Storage Services, in fact, the entire Technological Infrastructure depends on Memory and Storage to work so if Micron sales are forecast to sink by FAKE NEWS, the entire technology industry will crash with it including Cloud Computing services. This is a case where if you have brains, you know the truth and you BUY! Smart Money is buying Micron at these FIRE SALE prices while weak hands and manipulators are trying to push the stock down. As it stands now, Micron is trading under 3x forward earnings, this by itself is OUTRAGEOUS Wall Street Corruption especially watching AMD triple in price on speculation. We cannot watch the Corruption win, we are moving our position from 1,000,000 shares to 2,000,000 shares Like we said in an earlier post, Corrupt Wall Street will make us BILLIONAIRES! If you look at over 90% of our trades on this board, we haven't been wrong. We've made money on every trade we've closed. A perfect example of Wall Street Corruption is the price of NVIDIA, with an E.P.S of only $6.65 - Trading over $200 a share Even if Micron sales fall, they will still beat NVIDIA E.P.S. The sick part of this story, Micron makes NVIDIA chips along with chips for Western Digital, IBM, Intel and many more companies. We couldn't ask for a better Christmas Gift! P.S. We also think, if the price of Micron stock stays down at these low levels, the company will we bought out! With the cash flow Micron has, along with the positive / rock solid E.P.S, the company is a sitting duck for a BUYOUT at current levels.
NASDAQ:MULong
by UnknownUnicorn3159981
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