MU has formed an island top the price may come to a reversal at the 1 fib level due to this formation. Maybe a rounded top? Possibly my favourite chart pattern so far.
MU price surged before earning with a lot of volumes. Now it has a higher probability to pull back. Plus good news before the earning is priced in. Option buyers taking MU bet off the table due to the loss of IV.
I like to make this trade by selling calls or sell stocks. Don't go against the IV.
When you place a trade, remember this:
1. Always look for a 100%...
IF MU gaps down, I'll look to fade the gap (aka, go bullish)
IF MU gaps up, trend is your friend. Let's go out on a friends date and eat ice cream. :-)
BUY THE DIP
Phenomenal technicals for MU right before earnings release tomorrow. I used to trade this stock in the past, always loved its performance.
Stock is consistently creating higher lows and higher highs. 10 out of 10 indicators check out bullish. Stock is likely to break the ATH once again post-ER.
Before the ER it would be great if MU would close the gap created...
Entry level $52.91 = Target price $54.73 = Stop loss $52.20
Susquehanna upgrades Micron to Positive with bottom seen approaching. As previously reported, Susquehanna analyst Medhi Hosseini upgraded Micron to Positive from Neutral with a price target of $85, up from $45. While the analyst is reducing his FY20 EPS estimate to account for a downtick in near-term...
Hi, today we are going to talk about Micron Technology and its current landscape.
Micron Technology is poised to receive increasing attention from the market as relevant events are taking place. The company reports its earnings on Wednesday after the market had closed. With a rough year, this report could be a Micron Technology chance to boost its positive...
EARNINGS:
FDX (57/37): Tuesday, After Market Close.
MU (23/46): Wednesday, After Market Close.
NKE (24/25): Thursday, After Market Close.
Pictured here is an MU January 17th 46/57.5 short strangle paying 1.53 (.76 at 50% max) with 1 standard deviation break evens and a delta/theta metrics of .32/5.34.
Alternatively: a defined risk play collecting one-third the...
Target price at Fibonacci .786 @ $56.86
Entry level to be determined by market activity tomorrow.
P/E ratio 9.8.
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded...
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
