Today we will take a look at Micron Technology, a company that engages in the provision of innovative memory and storage solutions. Time to check the Technical elements on the chart: 1) From 2018 until November 2020 the price was inside a massive range until we saw the breakout of it and a 50% bullish movement from that situation towards the top of the...
Massive weekly falling wedge breakout, I am watching for an entry above last week's high. Great R:R
Chart looking really good so far on this breakout! Waiting for a possible retest to get me into a long swing position. Being patient here and hoping it pays off.
Monthly cup and handle forming, this is a long-term view. Nice falling wedge breakout looking for upside from here.
Micron Technology is a semiconductor manufacturer. It is primarily known for its DRAM modules, flash memory and SSD drives. The price broke through the resistance line. In fact, the 5th ascending wave has begun. Within the 5-wave movement, the price should reach at least the top of the third wave, which is about 30 percent from the current levels. Micron...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been covering $MU for the past few months. After consolidating...
T 1D I T spent millions lobbying to get the infrastructure bill passed. It's network expansion plans will benefit from govt. subsidies. There is a bullish div on the RSI. AAL 2H I AAL ended up breaking from our bull flag last week and made a 15%+ move from our entry, after finding support near $19. Expecting resistance on AAL near $22. MU 1D I Micron is uniquely...
MU is reversing from its COVID March 2020 anchored VWAP. also forming a huge flag. I expect us to hit $74 then $82 when this breakout plays.
Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock. We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand...
It looks like there may be a new support being made at the 50% retracement level of the previous low on the weekly which could be a good going forward for long term holders. If this new support is confirmed and that the previous high was broken, we could be patient enough for a retracement up to the previous anywhere between 38% to 61% respectively. I know the...
24 Oct 2021 Based on weekly chart, may have more room to fall. First support at 57/61
Short $MU CMP $72.14. Failed to claim 50 EMA. Downtrend continuation. MACD histogram turning negative. Bearish Pennant pattern. Possible short target $58-60
⬆ BULL FLAG Price $68.02 (AH 10.20.2021) Target $77.57/ 84.92/ 96.82 Long term $116.08 (7 months) Stop loss $65.67 IMO
I was responding to a question where someone asked my opinion about this stock. So, here's my thoughts - If it can maintain $68-69 as support (and the market doesn't tank LOL), this might be a great buy. Why? On the daily chart a bullish harmonic presented along with a subsequent descending wedge. It just bounced off the $69 iceline, as it did last month and Dec...
Micron looks to be consolidating on the daily chart heading into earnings Tuesday after market. The POC - (point of control) could be target $80, after earnings with 8% move expected. The Oct 1st options data shows a put/call ratio at .55 . The Oct 15th $75 and $80 calls have over 28000 Open interest. Looking to go long breaking above $75
SNIPER STRATEGY 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...
MU has been beaten down lately with a decreasing quarter revenue earnings since 2018 and recently it has established a strong Support Demand Zone at $69. Net margin contraction has also played contributed into the press. Earnings is coming up in October and it is expected to be better. From $69 bottom support to the upcoming resistance at $72/$74 with Fibo of 0.5,...
Here's a 4 Point move TrendyFreePlay, a close above 71.76, enter and pt at or near 74.53