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
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
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This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
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...
Entry Price: $82.15 is a good entry.
$MU (Micron) for long-term. Current price $82.15 is a good entry. Hold till you make some good money. Also, good for swing trade. Before doing the swing you should need to calculate how you going to place the strategy.
I would be more than happy to make 10% in swing trade. Stocks like $MU doesn't go up 50-60%. But they are...
ENTRY: 87.72 USD
TARGET: 95.51 USD (+9%)
STOP: 83.16 USD
1.) rejection at the uptrend support level. uptrend continuation.
2.) retest of the resistance level expected
3.) The profit margins achieved by the company are among the highest of any listed company. The company's business is extremely profitable.
4.) The company's financial situation is excellent,...
Will the open MA's lead to an upward breakout out of the rising wedge?
Or will the technical patterns ( rising wedge ) favored outcome arise? Bearish .
Personally I'd follow the Technical Indicator's assessment
MU Micron Technology will continue going up after finding support on the 200 sma that was lining up with the 0.618 fib level which was also lining up with the 3/1 gannfan line and a major support level to the left. It made a double bot and an overall higher low structure.
MU will continue going up until the 1.618 fib level (58.13) which is the 2/1 gannfan line,...
Micron has broken out of its first pennant, but I see a tide of selling going into next week dragging MU down to high $47's. I am waiting until the end of the month to go long on anything, but Micron is high on my list of lagging stocks that I see busting out to ATH's going into the end of the year.
Hi all, MU is still inside a consolidating triangle, so I am not looking for a breaking to ATH's yet. MU next target is 49.20, but if it can't break the downward resistance, it will likely retest 43 range. As long as MU stays above the upward support, the target is 49. Further analysis and thanks to my followers for keeping me up to date