MU is a clear tech short for summer. Consistently missed on earnings, and a kind of messy H&S pattern. Might be a potboiler, but the skewed H&S leads to an obvious support level of 27 (our target), which in turn means an entry at 39 (market) allows a generous $3 (7.7%) stop. Obviously a small size trade.
Only an earnings surprise on Jun 21 could upset this trade,...
As it shows head and shoulders pattern to be confirmed after closing below 37.9 with target area of support between 34-32.5 RSI broken Dec-Uptrend Also MFI index showing some investors sold some quantity and broke down the trend . stochastic with sharp down trend which means more volatility . MU shares will be highly affected by US-China news which impact its...
The Bull run has hit a real barrier today, optimism had been the fuel to keep the run going, but Mr Trumps tweet last night sent the Futures tumbling and provided many investors a sleepless night, whom were caught out by Fridays rally.
Ascending Triangle Pattern NASDAQ:MU
Inverse Head and Shoulder - apply the distance upward from the tip of the head to the neckline to get a target of $47.15 with an accurate target of $46.62
(I know the H&S is months old but the target remains the same.)
Thinking about this for awhile before I consider pulling the trigger on some calls.
Thanks for visiting.
MU can convince me to go long with a weekly close above $45, somewhere above the 50MA. For now that area is acting as resistance and we're right there. No point in going long with your fingers crossed. I'm the kind of player who sits on the sidelines until a decision is made one way or another.
Weekly close above the 50 = long.
Current price - neutral.
Micron is changing their future battle plan. It is not yet built into their earnings any bets is purely speculative. However that does not detract from the fact that this could be a great play.
200 MA breakout
I don't know just spit balling, But I was a betting man... Which from time to time I am; I would bet that MU is going to the bottom extreme of the pitch fan. Also, I'm not giving anyone advice. I'm just drawing lines on a graph. You know; For funsies.
- bear flag on 1H time frame
- Above 43.93, bear flag will be invalidated.
- Price still above both EMA 12 &26, that means the bulls have an upper hand.
- Below 42.99 -> bearish
- Above 43.93 -> bullish