Nice one white solider today. I'm looking to enter a May $45 call option at $6.25 (limit buy). Let's see what happens. If the market continues higher and/or holds, MU should continue higher. I have two targets for 1R and 2R. Will hold longer if the market allows. Cheers!
Shorted MU last week at $50. The target for the short is $46.89. Depending on price movement, alternative target is $43.77.
Although I don't know where the stock price will move, I think there's a good chance MU retests the highs of the low 60s in the next few months. In case I'm wrong, I would place a stop loss below the minor low at 47 (around 45 is good). You risk about 5 dollars for a gain of 13-15, so your risk reward is about 3 to 1. Also, something to note is that MU gapped...
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...
It is quite obvious central bank money printing and suppressed interest rates caused this bubble. This pattern is playing out two decades later all over again. Good chance SOX and everything in it. ie NVDA are going down -30-50% minimum a year or so from now.
Price/Earnings 8.60 Price/Sales 1.82 Price/Book 2.81 Price/Cash Flow 4.53 Quick Ratio 1.75 Current Ratio 2.34 Long Term Debt/Equity 53.13% Total Debt/Capital 37.46% Revenue Growth 3 Years 24.23% EPS Growth 3 Years 73.62%
Couple of bearish cues on MU: #1 Potential weekly 3-drive pattern completion #2 Currently trading at 61.8% retracement of last All Time High #3 Potential ABCD completion in the 240M time frame #4 Huge volumes which suggest exhaustion, last hooray Min target would be the 38.2% retracement level around the $40-$43 level.
MU looking bad for SMH stocks. Looks like all these stocks out of favor for a while from here.
This is the accelerated range for MU. Doesn't look good for $SMH stocks
previous targets 63.5 were reached, the bullflag stopping @ 1.61 fibonacci. Now most probable fall is same as before @47.5 coinciding with the 50 &100 ema. But we could have a ping pong in trend range( blue lines) or inside the support/resistance 38-61 fib. If this support fails then 43.6 is the lowest level to watch for reversal. The longer trend excluding a...
Here is my best guess at a path for Micron (MU) between now and the close on 3/22. It appears we have completed wave 3 of a large 5 wave impulse pattern. Within this Wave 3, MU has completed 5 sub-waves and now appears to be working on the ABC correction. Wave A is in, B was recently completed, and now we are attempting wave C which will be 5 smaller waves down...
The only earnings play coming up next week that currently interests me from a premium selling/volatility contraction standpoint is MU -- with a background implied volatility in the 60's -- which announces earnings on Thursday after market close. Neither ORCL nor FDX -- which announce Monday and Tuesday respectively -- have sub-30 implied volatility, although...
Hello Friends. I meekly think we're observing another breakout and it's not unreasonable to expect a retest of the recent high imho. Thank you for taking a look.
I took profit and now looking a new entry price. Seems we will test Ex resistance. Good oportunity to buy at a cheaper price before ER on 22nd. SL 48 Next target @ ER 57.20 Keep calm and embalm
I was thinking about it and it does look like there's an opportunity for a nice long position near $39.50. With an aggressive stop bellow $39. Let's see how it plays out
Mu stock price is headed higher as it is breaking the trend line. General stock markets are heading higher after the correction. Pick and stock and hang on for the ride.