Traders seem to be under the impression that MU will, for whatever reason, miss earnings on September 20th, but there's no reason to suspect that at this point. I expect MU to continue it's long-term upward trend with a nice spike above $55, perhaps after earnings on the 20th.
We have been following Micron closely and waiting for wave C to complete. It has and we are positioned for big gains over the next 5-12 months. This movement will outlast our projections for the major markets. What are the reasons for the rise, tops and drops? Our guesses align with trade, and politics. Our full analysis is at Elliott Wave Ideas dot com.
Please point out the wrongs with this analysis. Arguments of an unforeseeable event are going straight into the trash if they aren't substantiated by anything, like for instance change in sentiment. Argument 1: Past couple of runs have started with touching the support as highlighted in the image above. Argument 2: Past couple of runs have, roughly...
After an intense rally $MU, on a weekly basis, shows signs of weakness quite clear. RSI actually is flagging up a crude divergence, macd is already in bearish mode and the solid trendline which has supprted the trend so far is almost violated. Volumes are low especially last week where the price touched the mid term trendline (another sign that investors are not...
I have drawn in a nice simple envelope to show the general direction of the stock price for micron (MU). It's not perfect, but it will do. As you can plainly see this is the beginning of a new trend upwards. The price for Micron in September will be over $65 a share, provided they are not acquired before we get there! Who would like to buy Micron? Someone...
I predict MU will make a move higher and start an upward trend within the next two weeks. Looking at the chart starting back a little more than 3 months ago, we see a triangle pattern where the high and low trends are converging. Look for the price to breach one of these trends and make a move (hopefully upwards) within the next week or two. From a business...
If this happens to be the case, it would mean that this consolidation is a 4th wave and the target for 5th is $70.
~50$ seems a good entry point for MU. RSI is close to the historical bottom, already beyond more recent corrections. YTD trend line support indicates it should bottom around 50$. Targeting 75$+ for Y/E.
Micron is in Cycle wave 5 & Supercycle wave 5 which is the last hurrah for the stock for now. The top of this wave should occur between October 12, 2018 and February 13, 2019. The top should occur between 79.22 and 95.24. These dates and numbers are based on comparative trend analysis and derivative analytics.
Long term volume profile sets MU at a pack to shoot up towards almost 60.00. With the baseline of~51.00-52.85. We have held this price. If people buy in early today, we could see something amazing. Every line from before will most likely still be in play. I think the opening bell will determine what happens here. Will they sell down or buy up? From there i think...
Let me know what yall think of Micron.
Putting MU in my watch list for a potential bounce at the trend line. Could be end of a retracement wave and start of a new Impulse wave
$MU is now cash positive, doing great progress in containing debt and investing in CAPEX. They have a significant advantage in the NAND space and are investing heavily in it. Very good valuation here, and trending up, an easy buy for the long term. Cheers, Ivan Labrie.
Just like the DJI im so annoyed about hearing how the price went down because of XYZ, when you then look at the chart and go.. "hmm.. it looked like it was going to do that anyway." Believe in insider trading and that the market is smarter than you. If you believe this, you believe in the charts. Charts do not lie, they are only misunderstood. Ok, so anyway Im...
For a brief overview and risk see: drive.google.com Micron has been a solid value play for the majority of the 2017 tech run and I think it's worth looking at the current standing and valuation as of current, should you choose to stay long tech into 2019. Micron had a $2.5 EPS just 90 days ago with a PE of just over 8. MU reported FQ4 guidance Rev/EPS @...
MU had a great week, retracing to 0.382 then back to 0.236 then back and forth again to then finish the week breaking out from the resistance found at the ~60$ area and stop at the 0.618 retracement level, also closing the gap down opened two weeks ago. For next week, Micron may find some resistance at the 61.80 to 61.90 area and come back to test the 61.60 to...
As I have a feeling everything is drying out I need to look at more to find a decent amount of opportunities. I am not trading this, just checking what is going to happen to see if this can be a trade opportunity, next time. Is the price going to retrace with this RSI thing? Where too. Going to check back in a couple of weeks see what happened.