$MU Micron - coiled tight, holding long term trend line support. Money flow approaching support level. Target $62-$64 area by next ER late Sept
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 $65 a share, provided they are not acquired before we get there! Who would like to buy Micron? Someone...
MU showing morning star reversal on daily, also touching lower support channel line... Just my analysis. My thoughts: will buy (stop limit) and see if we can reach upper channel ~63$ . Just my opinion, do your own analysis.
If this happens to be the case, it would mean that this consolidation is a 4th wave and the target for 5th is $70.
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.
Once it's breaks the falling wedge , enter with tight stop loss little below falling wedge .
Let me know what yall think of Micron.
$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 @...
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.
MU broke nicely from a weekly bullflag AMD forming a monthly bullflag
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.