MU - RSI on the downhill- bearish biasMoving sideways in a box without determining which direction to go Sell volume bars outnumbered buy volume bars during this consolidation/distribution phase But one thing stands out to me is that the RSI is running downhill Outlook: Bearish biasby duyca172
SOLD 3 MILLION SHARES. $25 MILLION PROFITWE WERE AND STILL ARE BULLISH ON MICRON BUT... OUR AVERAGE COST WAS DOWN TO AROUND $30.77 AFTER LOWERING OUR COST FROM THE HIGHER PRICES WE PAID, UPWARDS OF $59 A SHARE THE STOCK WENT UP OVER 10 POINTS WITHIN A SHORT PERIOD OF TIME NOW, THE NEGATIVITY RETURNS TO THE CHIP SECTOR FROM DOGS LIKE NVIDIA...WE MENTIONED IN A PREVIOUS POST NVIDIA WAS A BUBBLE AND NOW OUR POST IS COMING TO LIGHT NVIDIA HAS LOWERED REVENUE HOW MANY QTR'S NOW? WE WERE RIGHT WHEN WE POSTED NIVIDA WAS OVER PRICED AND WE ARE STILL RIGHT TODAY! WE CLOSED OUR ENTIRE MICRON POSITION SELLING 3 MILLION SHARES AVERAGE COST: $30.77 PROFIT: $25.5 MILLION WE STILL FEEL MICRON WILL TRADE UPWARDS OF $100 IF YOU HOLD THE STOCK FOR THE LONGER TERM AS FOR THE BUYOUT, WE WOULD LOVE THE WESTERN DIGITAL / MICRON MERGER RUMOR THAT WE HEARD ABOUT COME TO LIGHT, THAT WOULD BE ONE AMAZING COMPANY COMBINED! BEST OF LUCK TO THE LONGS! BULLS MAKE MONEY, BEARS MAKE MONEY, PIGS GET SLAUGHTERED! - DON'T BE GREEDYby UnknownUnicorn3159981223
MICRON $43 still in play!NASDAQ:MU - increasing volume - fib.618 magnet - strong market sentiment levelLongby traderjoeschmo1
MU micron Short at 41.35 targeting 30 again Simply its overbought ... suggestion is to take short positions if reached 41.35 on Monday or Tuesday then the target will be region of 30s by mid of march or later. at long term MU $micron is good stock to carry on with long target between 47 and 50 but after make new support or new leg higher than the previous lows in December 2018 .. for now we will carry short positions till indicators showing good levels for new entry and we can see now most of indicators reached overbought status and can be dropped hardly during this week or week after.. Shortby WinnerTrader99Updated 3
MU Upside Reversal in ProgressOver the past month, we've been observing some bullish reversal price actions playing out well and we've been monitorin it closely on our watchlist. Finally, last trading session, we've seen that buyers have managed to break through key resistance at $40. As such, we can expect to see further upside to $45 or to $50 where some profit taking can happen again...Longby Ian150
MU good entryThe central banks decided to buy everything like the BOJ. That big down move was moving like a correction. Trade at your own risk!Longby sevensphere3310
Micron turn bullish microns PE TTM is 3.3 very low (good fundamental) support is forming an upward trend by eHAce0
Micron Technology Inc. (MU) Boosted by AMD + Demand ZoneHave not played MU or SMH traditionally, but it's been one of the steadier semi's going into late January, and has not been affected by NVDA's weak guidance update. Has been working through an ascending channel, and now appears to be breaking out of a bull flag, supported by a demand zone. Targets have been mapped, but expecting 40+, settling down once it reaches the 200dma (currently at 46.18). I'd set a stop around 37.50.Longby axelroarkUpdated 1
MU Overbought - Expect an 8% drop from hereSemis are severely overbought and MU has outperformed the recent bull run this month without any uniquely good news for them, so I expect MU to give back it's gains on a pullback more than average. With semis overbought, market uncertainty into next week, and weekly options expiring tomorrow, I expect a decent selloff tomorrow. Tomorrow would be great timing for an MU selloff, especially considering price movement has been mirroring it's recent price action up. Though, I don't recommend buying puts expiring tomorrow, the options are dirt cheap considering the likelihood of this playing out, so I've just bought last day puts out of the money as a yolo, but am also holding puts expiring in a couple of weeks, since I could be a little early for the pullback. I will add puts into next week if it does not pull back.Shortby RyanDreBach1
Micron Technology (MU) LongWith a fair value between $50 and $60 the natural movement will be upwards. Triple MA have crossed and channel line has been crossed. Longby m_porcar1
MU breakout from the downtrend channel with volumeMU breakout from the downtrend channel with volumeLongby iamdeepakUpdated 1