If MU gaps up, it is a perfect gap n go. If it gaps down, it will be a retest gap. To learn to trade these strategies for free, go to www.RealLifeTrading.com
Relatively oversold, Beta is 1.48 so as the S&P goes so should MU. Earnings at the close should beat. Recent price target increases. Becoming huge in DDRM
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Micron breakout replication Fib extension target between 35.15 - 35.80
21 ready to croos downward 50ma anytime 3-ema confirms this cross over there is high probability to see at least 15-20% decline. Sept 31 Put trade has a higher chance to make 100% profit before expiration. Stay tuned for more to come!
Micron has completed a topping formation, hinting a potential deeper bearish correction. -The price has completed a minor head and shoulders pattern, by breaking 31.80 horizontal support level, - In addition to breaking the 50-days SMA. -Strong volume levels on breakout -The price attempted to regain the upside, but today's action was bearish, as price failed to...
Possible change in trend since support has been reached, with a potential breakout once resistance is reached followed by a steady bullish trend.
A short position is better to open at the upper border of the trend.
After a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time. Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push...
Last session breakout through $32.45 from pause in up-trend. Bought call opportunity or OTM bull call spread
For now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this...
Bearish Wedge pattern needs to be confirmed by closing below 50 SMA seen @ 23.70 , we need to have 1 day candle closed below the support to go bearish supported by the Divergence in RSI and MACD , i think we would target 20 minimum