MU Forms Symmetrical TriangleA short-term triangle is underway for MU as it hits heavy resistance from previous monthly highs. The candlestick patterns are indecisive.
Trade ideas
Micron still needs timeThey need some more time and news before they truly go crazy with their 3d Memory
Triangle crackedIf market falls from here this is an excellent short setup. please don't message me about how charts don't work. Triangle apex was gold
MU to make a big move up in the coming weeks (60%+)MU has hit some sort of brick wall. The most probable path appears to be a climb up the new found support line (orange). Multiple confirmations of this path, rather than say a big drop, the most significant of which is the divergent volume. You can see the areas of the chart which may be fractaled from pattern matching the RSI and MACD movements. I expect the initial jump to be fast and furious, followed by a more reasonable climb, until it falls outside of the ascending trendline (at around the 2nd target line). The TA generated targets shown seem reasonable from a fundamental standpoint, with a number of different analysts upgrading their assessment recently. 2020 Q1 Earnings on Dec 12, to give you a sense of relative timing here. I think the initial jump might happen prior to the earnings call, with whatever good news that's released already having been priced in, but that's a matter of conjecture - and really dependent on how the broader market moves between now and then. There's enough runway here for the initial big jump to happen after the 12th, and the price may be relatively flat prior to that, so I'd take a conservative approach with timing if you're taking the options route.
MU Short. Head and shoulders pattern.Mu is showing a possible head and shoulders pattern and presenting a 25% loss in about 20 days
$MU Micron set to surge higherEntry level $48.80 = Target price $53.00 = Stop loss $47.80
Optimism has had a major boost in recent weeks within the tech sector, what was once global recession talk is now turning to global recovery as stimulus packages worldwide have started to kick in.
China trade talks remain a massive hurdle but the signing of a part deal could open the door to a tech rally as the bottom may be in for demand.
Head & Shoulders / Rsing Wedge after DowntrendSize of the rising wedge stops just about where the next support line rests.
Needs to break through a crossroads at 46.70
Aiming at 42-44 within next 2 weeks
Micron Technology MMHVWI - looks like composite operators have completed accumulation. Potential 31% move in the makings.
$MU YTD view Head & Shoulders trageting 36.36 if break 44 again!Extreme bearish pattern on YTD view showing possible head & shoulders pattern targeting area between 36.36 and 34.34 which also the previous big gap on 26th June . This bearish pattern will be confirmed after drop below 44 then it will break the neck trend which will lead to fast drop . stoploss for this idea is to close above 49
MU in Trading RangeMU is in a Trading Range pattern at a new high, and is moving with some High Frequency Trader activity to the downside recently. This stock is heavily traded by Retail Traders.
$MU SHORT BELOW 49 Targeting 44.4 Target achieved from my bullish idea at 44 and now reached more than 10% up .. expected to back test 46 and confirm support.. if failed then 44.4 will close gap and can be strong support for coming long time ..
