SO we are already Short MU on the 60 minute timeframe on a 5th wave move with target of $41 using our Elliott Wave Indicator Suite for TradingView. Our original short entry was $43.66. I have placed a trailing stop just below the entry to now make this a "Risk Free Trade"
I am looking to add to this short position if MU breaks out of this short term range. So...
Hi, today we are going to talk about MU and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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If it was any other day, i would think of going a call - (MU is going to long run winner, but market is in sprint mode)
Memory market demand is relatively cheap and overcrowded
china trade deal is having huge impact
less and less demand and over supply will sure make this a short term short candidate.
I would hate to see it go to 37$ but if it does, that will be...
MU has been oversold along with the rest of market. Overall market is now seeing a bounce in the SPY and QQQ indexes. MU saw significant remounting to the upside today with a bullish reversal in the inverted hammer candlestick pattern. Looking to run up 6% to $46 level.
Upon dropping to 42 and approaching oversold territory, Micron has gotten some positive catalysts. A couple analyst agencies have upgraded Micron, bringing its Equity StarMine Summary Score to a surprising 8.9/10. Also, yesterday Micron filed a Form 4 indicating that one of the directors had purchased some shares. Unlikely though it seems to me given Micron's poor...
$MU selloff looks to be overdone in our opinion. Other analysts agree with this assessment.
Needham raised its Micron (NASDAQ:MU) target from $50 to $60 after Micron's earnings report.
Taking note of Micron's downside gross margin guidance - attributable to the excess NAND inventory and related pricing - Needham nevertheless sees several upcoming catalysts for...
I don't want to invest in MU, but I do like owning shares and trading them with options. FUN / volatile stock. So, owning 300 shares down here wouldn't be horrible. From there one would plan to sell covered calls until called away for a gain..
:-)
Not buying to close these, UNLESS it's quickly profitable. And from there, just plan on doing more again.
Most of signals are 50%-50%. Its earning play . so its better to trade after earning report if you are interested in long positions . Market is not helping too if bad result green cloud far away and you will have plenty of time to short it so i am more likely to stay hold with Micron for long term and expected to go up to 53.75 or 54 then correct from there to...
