on 23/8 NVDA got earnings release after market close.
Last time it effected MU , made here GAP UP 4.8% . from 66.5->69.5.
now we got a triangle pattern on weekly chart MU -> a potential 2 to 1 profit .
Howdy Traders!
This is a super quick chart reading. NASDAQ:MU has created a parallel channel. The channel is bullish, and the stock broke-out to the bullish side, confirming that. The price target for this trade is $70.05.
Bona Fortuna!
According to analyst ratings, the average 12-month price target for Micron (MU) is $75.32. The forecasts range from a low of $46 to a high of $100. The average price target represents an increase of 17.36% from the last closing price of $64.69.
The 30 analysts offering 12-month price forecasts for Micron Technology Inc have a median target of 79.00. The median...
SL pink line
TP Blue line
breakout of resistance and turn to support now
Even big news 2 days ago from China, price manages to show strength at resistance turns support level
many top guru have this counter
Portfolio Manager % of portfolio Recent activity Shares Value
≡ Mohnish Pabrai - Pabrai Investments 79.22 Reduce 14.44% 1,592,134 96,069,000
≡...
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand.
Call it what you want, double bottom, triple bottom, possible cup and handle... Resistance has now turned into support. Now the question is, how impulsive will this rally be, or are we going to consolidate further during the summer and create a handle?
The measured move of the triangle/double bottom hasn't been reached which leads me to think this might become a...
If you haven`t bought MU here:
Or sold here:
Then Analyzing the options chain of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 64usd strike price Puts with
an expiration date of 2023-6-30,
for a premium of approximately $1.54.
If these options prove to be profitable prior to the earnings release, I would sell at...
Building a base on top of a large considlation breakout. Don’t be alarmed keep buying 63-64. This is setting up for a huge move up could still take a week but time to load up good averge
Big call seller on Micron Technologies NASDAQ:MU of the 7/21 68C 16,000x. Large volume on the daily candle on the underlying. Support is 64-65 but the bet is that it stays below 68 these next few weeks to collect full premium $
trying to hold strong trend support, grey zone was resistance for 6 months then flipped to support recently 👀 this setups always bullish I doubt we go much lower 💯
break of local trend resistance/66.76 and we should see a nice rally.. PT 1: 74.24 PT 2: 81+🚀
boost and follow for more.. thanks ❤
I provide you both sides of the argument.
Goodluck. M or Cup and Handle?
Bear or Bull?
Economy healing or double-dip incoming?
Your choice, but be pragmatic and risk averse.
On the chart we can see that the price is respecting the downsloping support.
We got one fakeout to the upside but eventually the price came back into the formation.
It the support holds, we expect that the price will break the resistance and then we should see an impulsive move to the upside.
We can entry long once the price breaks above the resistance . To...
For me NASDAQ:MU looks very beautiful to buy now for me So i am buying NASDAQ:MU at 67.5$ price zone and my short term target is 75$ in the coming weeks and my stop loss price is A Daily Close Below 64.8$
This is my opinion, Please let me know about yours
We are on a cool off period but don’t be tricked. This is on a key breakout of a sideways considlation. We are flipping that previous reistance of the channel considlation prior
Into new support. It could take more time to build a considlation pattern on top of this but overall chart is a banger. We should contiue buying this on red days and holding.
after a breakout the stock pulled back to retest support
last trading days formed a hammer
as long as support holds this is long to retest previous highs
In Favour:
1. DOW in play
2. Key area being respected
3. Overall Bullish
Against Favour:
1. Weekly trend bearish
2. Further correction / consolidation
Not a trade call. Do your own analysis and risk management.
Good Luck !
