MU Looks to have made a double bottom on the hourly and retested the 68.20% fib retracement to perfection. Depending how this hourly closed I think theres room to the upside.
Bad news recently. This one is on watch. It could come down to retest support levels. Would enter a long then.
Update (5/31): Closed this position for a 3X. and bought in the 56 PE that expired next week ------------------------------------------------------------------------ I think we can short MU here for a tgt of 56 and a stop loss of today's high of 64.5. CMP is 62.8 I have personally bought 59 Puts expiring next week.
MU H4 chart The upward movement continues on the red support line If it break the red and blue support lines broke, it is the place I mark the possible movement area. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS...
I think we can short MU here for a tgt of 56 and a stop loss of today's high of 64.5. CMP is 62.8 I have personally bought 59 Puts expiring next week.
Was waiting to short MU, Lets watch for a good entry on 15m chart. Will wait for the pull back to structure/618 then short. Expect it go to Fib extension 1.2/1.4 levels!
Micron looks to have made a lovely retracement. I would look to take advantage of the free money that MU is about to give us. Short term picture looks good. As well I am still bullish looking towards EOY.
This is a great opportunity to enter a long position on Micron. We have a bear and bull scenario, the bull one is the most likely. Bull We just finished the wave ((i)) of the wave 5 (one larger degree), so I'm expecting a correction between the 50% and 65% fib (49.42-$51.15). Why? Because: -4H RSI broke this ((i)) wave support -Second waves usually retrace...
Well this is what I see on MU. Looks to me that it will complete its right arm of a head and shoulders top and head down for a bit. Only time will tell. Thanks.
$MU held the 100MA and seems to be holding long term support. Any where between green line and 100ma offers a opportunity to go long. Market has been choppy, so make sure to manage risk carefully. Good Luck. I recently went long.
We're at a good support level and the 1h RSI is oversold. Expected bounce tomorrow and we'll probably reach $50 this week (previous resistance). Nice swing trade opportunity. Happy trading :)
But it is good to see some support on #Micron around the $50 price level. If market conditions continue to improve, then I think this one has more upside potential.
Shorted MU last week at $50. The target for the short is $46.89. Depending on price movement, alternative target is $43.77.
Well, I must first admit, I am publishing this chart in retrospect as I've just now taken the time to really analyze MU in this way. Unfortunately, I missed some massive profit opportunities, but this is certainly a learning experience for the next time around and....there may be one more trick (trade) left up this chart's sleeve. So as you can see from the...
Pretty straightforward bracket here. Picking a high around $74 and a low in the high $40's. If I had to pick one, I would say due to the chart pattern the $74 is most likely, but watch for volatility taking this thing down to $48. Will keep an eye on it, options trade anyone?