It's the best party since DOT.COM bubble
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...
Thesis; Guidance was always key.
Wall Street was raising target price to $66 not good
MU has a "buy" rating and a positive earnings surprise prediction from Zack's, and buying any semiconductor stock at such an attractive P/E is never a bad bet. (MU's P/E is about 6, vs. the average of about 15.) However, MU is also getting some massive bearish options activity, and in my experience these big options traders usually know what they're doing....
Thesis; being able to see the technicals but also understand fundamentals will perfect your craft.
Forming a flat. when it reaches ATH, look for top of broader market as well, which is also in a flat formation.
Micron Tech MU ahs moved up through resistance at 48 and to the fib. retrace point at 51-51.75 It maybe going through this level and then upwards towards 62 IF it retracts now, a 1. divergence will have been formed and next bottom will be crucial. If it falls below RSI 40 I am out again If it fails to push through the fib. retrace point, I am out - and will...
This is a probability chart I learned from my friend, he makes bank using similar models so thought I'd give it a backtest and see how it fares with my own personality. Like all of the strategies, my risk adjusted models are flawed because it doesn't take accounts of short term sentiment swings but this strategy is aimed to get the best entries by avoiding...
MU is in a Trading Range pattern at this time. The compression of that candlestick pattern in August is showing signs of heavier Dark Pool Quiet Rotation. The large lot long-term investors are slowly lowering inventories on MU over many weeks, and this increases downside pressure.
Bullish Pattern Targeting 53.75 but facing very strong resistance which is raising channel upper side and bottom of last year drop which is around 50.2 ... if close above it for 3 days then will be perfect confirmation to target 53.75 then we can see correction to close some of recent gaps ...
$MU Touch short term upper channel with some negative divergence.
MU - Micron Technology share prices have gained 10% since my callout five trading sessions ago. Share prices have increased significantly in the past three trading sessions on hopes of a resolution to the U.S.-China trade dispute. Shares prices have gapped to the upside in four consecutive trading session. This is a strong sign of leader in the computer chip...