MU would be a good short between $41 and $42 as it bounces off of the top of it's id-term downward channel.
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...
MU could see a rebound from ~36.50 to ~40/43.75. RSI divergence in 1h chart already occurring, but I'll be waiting for 4h chart divergence and preferably even in the daily.
Current market structure appears to be doing an abc correction. Projected targets are labeled (two green boxes) 70 percent chance we hit the first target which lies between 38 and 36.80. If rest of the market begins it's correction then we can expect to see a further decline in MU prices. Simply educational purposes Not Financial Advice
MICRON is a screaming bargain at current levels with or without a sales decline, with or without an over supply, etc.. WE ARE RAISING OUR POSITION TO 1,000,000 MILLION SHARES We are taking a good guess that we will see Capitulation soon with people panicking and running for the doors for NO GOOD REASON! When you look at the hype surrounding AMD, trading approx....
MU had a fantastic flight since 2017. But now weekly chart suggests that it has jumped off and will hit 30 by end of 2019 Q1.
Micron may breakout up with the buy back.
As the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock...
Our extremely thorough analysis indicates that a YOLO trade might be warranted on MU. We are buying $55 calls expiring tomorrow. We expect a large plate of chicken tenders for dinner, should this move occur.
I believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or...
Micron looks bullish but becareful, if it breaks below the trendline it will become bearish very fast. This stock is very volatile.
Reasoning is as follows Look what happens when daily price breaches lower bollinger band (highlighted in green circles) - price rips back up Price is just hovering on channel support These two reasons are clear enough for me that price will revert up. One thing to note, there is a strong VPOC node in the $42 - $43 area (not shown here) as well.
The fundamentals look great but the market disagrees... I've been bullish on this stock for a while but all good things must come to an end. You know a stock is going up when it makes higher highs and higher lows (green circles). That means it's going up. It made a lower low (red circle). That means it's not in an uptrend anymore; another way of saying it's not...
I think the ABC correction is done and we're probably heading for another Impulse Wave. 4h RSI is at 20 which has been a good buy signal historically. We're also at a good trend line support. Hoping to close this position at around $52 with no stop loss. Happy Trading :)
MU has bounced off of the bottom of it's short-term trend at $51.5 and continues it's trajectory. We could see a break up to the high $54's this week. Options expiring this week have little premium, so there's a clean way of playing this uptrend.