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 $10bill buyback, as MU management has no incentive to pump their stock...
* Some indicators are looking bullish on D1 * "TD Count" has been started to count green. * Target 1 is on Kijun-Sen and fibo. retr. 0,5 * Target 2 is in area which has cloud resistance and trend resistance.
Next movement for MU let us see if we will be right or not in that Please like and leave comment,we'll appropriate that a lot. Best of Luck. CryptoStarsChannel.
I believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or...
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.
I have identified a pennant on the daily chart of $MU. The price has continually risen for over 1 year now and has been consolidating for approx 3 months whilst touching the top of the pennant 3 times. The first high of the pennant has been met with large volume then weakening as we go along. Hopefully, in the near future, we can break above the upper trendline.
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.
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.
Back to my Fav stock MU! We are hitting Support Zone from the ice previous sell and trading in the range. So we have the following 2 plans. Plan 1 : If it breaks below 50...Sell any pull back to 50. Target 48/46 Plan 2: Plan : Any bullish candles on 51...BUY!! and it will go to 56!
MU has reached a support level and has bounced off of it. Stochastic in oversold.... Fundamentals look very nice. Recent decline was caused by US' trade war with China. What's your view on this? Buy or sell? Or maybe keep an eye? I say it's a good time to add some more stocks to the portfolio.
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...
Let me know what yall think of Micron.
I posted a chart about a month ago in my Discord and it's panning out very nicely. Given recent movement I am very confident in this call. We could go as low as the 123.3%-161.8% in this ABC expanded flat, however my primary buy target is $46.75. *THIS IS NOT FINANCIAL ADIVCE*
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.
Gap filled and stopped at minor .25 retrace. Earnings are supposed to be good. 70 target as in 1.618 extension of retrace. also harami candle pattern on daily
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...
$MU has been a long time favorite, but semis got hit recently on demand concerns. Last analyst meeting MU said the servers using artificial intelligence use six times more DRAM and twice the amount of SSD. Since then, the stock has rallied and is approaching ATH levels. A "failed" breakout here and dip to the gap zone sets the stage for a cup and handle...