MU retested the ~ $36 break-out twice and has since headed higher. A solid close above $46 could indicate continued strength and a push towards $58-$60 would be the next target.
Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers...
Micron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD...
NASDAQ:MU seems to be poised to be a potential long-term value pick. The financials suggest that it is below it's intrinsic value, and with their clients like NASDAQ:AAPL looking to make big moves, it may bring Micron along for the ride. While this stock has seen some very volatile swings, if you stick it out for the long haul, it is likely to pay off!
$MU reversing off an ABCD completion into a lower high 50% retracement off the 2018 highs. If the trend line support near $36 does not hold, the implication is a stretch downside target closer to $12. I just do not see how with US chip stocks are stay at elevated levels when smartphones are not moving and memory prices are crashing...
NASDAQ Led semiconductor - Micron shares trade higher on Monday session currently up by 3.35% after the restriction of US semi suppliers were lifted allowing the company to continue its trades with Chinese telecom Huawei.
Micron share prices gapped up during Monday opening trades and broke through a long term resistance trend line which is highlighted on the...
Micron (MU) has had a monster run, now it looks time that the longs will take profits.
MU is in a rising wedge and has shown a high degree of excess exuberance, i would be looking at either taking your long profits now and wait for a pullback to the 9 ema, or i would look for a short trade with the same target in mind.
Personally i would favor the latter as the...
- Double bottom at support. Micron is ready to fly, but I will wait a lite pullback at 35.00-35.50
- Strong stock on strong indusrty (Semiconductor). MU as been upgraded by Needham, from hold to buy at 50.00 as target.
- Very trong fundamental :
> P/E 3.57
> EPS : 157.6% this year
Waiting for a lite pullback to buy and fly to 52.50 as potential and at is all...
Beautiful movement with MU. Looks like it moved away from that heavily bought/sold area marked R1 - With good China news - could be the fuel it needs to get above that and make a new found support. $40's sooner than later IMO
ABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to...
MU has been beaten down for far too long - considering the amount of cash they make.
RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2.
Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's.
Patience with MU from...
SPX500, XRPUSD, BA, BKNG, AMZN, TSLA CRM, AAPL, FB, NVDA, NFLX, SHOP, BABA, MU, SPY
ALL OF MY TRADE IDEAS ARE BASED ON PURE TECHNICAL ANALYSIS, AND SHOULD NOT BE TREATED AS FINANCIAL ADVICE. THESE ARE JUST IDEAS! PRICE ACTION CHANGES WITH A LOT OF DIFFERENT FACTORS. SO DO NOT INVEST SOLELY BASED ON MY ANALYSIS WITHOUT A PROPER RISK MANAGEMENT STRATEGY. ELSE, YOU...
Ascending Triangle Pattern NASDAQ:MU
Inverse Head and Shoulder - apply the distance upward from the tip of the head to the neckline to get a target of $47.15 with an accurate target of $46.62
(I know the H&S is months old but the target remains the same.)
Thinking about this for awhile before I consider pulling the trigger on some calls.
Thanks for visiting.