Price is in the qualified demand zone and now is time to buy. set the buy stop order and do risk free and then trailing stop.
MU has a strong support / resistance line at the $65 mark. On the weekly chart we can see an RSI divergence. The daily chart shows it has a strong possibility of rebounding off support once again. Traders should watch the ticker at the current price levels and channels. If it pops out of the current channel on the daily chart, traders should take an aggressive...
Micron Technology Short Term - We look to Sell at 65.98 (stop at 69.58) We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Posted a Double Top formation. The formation has a measured move target of 46.09. Selling spikes offers good risk/reward. Our profit targets will be 46.09 and 41.09 Resistance: 66.00 / 75.00 /...
Trading at the bottom of cloud support, fib support and low stochastics curling up
MU looks to be oversold and with tomorrows FED meeting I am expecting a relief rally for minutte wave 2 up of larger wave 3 down. I'd also like to comment that with the way SPY has behaved, it appears that once again the market has "priced in" the upcoming meeting and SPY is also showing levels of being oversold which I will also post an analysis on. My stop...
MU has violated a triple bottom on Friday which is why I have not initiated a position YET. Bottom bollinger band and stochastics oversold on daily. I'd expect a bear market rally to $65 or higher soon, perhaps a relief FED rally?
If you can take a look at this chart you can understand the key fundamental levels also Nancy Pelosi play puts @ 50
MU offers short idea, see chart for entry / stop / target.
Micron Technology may be a big shot for some traders on this Friday. I have waited for complete Dbl. Top pattern for many days and it's triggered when most US stocks plunge today. Normally, Fibo E. 200% is theoretical TP. but I apply 161.8% instead with reasonable RRR. Good Luck.
Micron Technology Short Term - We look to Buy at 66.22 (stop at 65.18) We look to buy dips. Previous support located at 66.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 73.13 and...
MU is sitting at support and has been range bound. I am anticipating that MU will stay in this range and head upwards to fill the gap at around $75. However, I do not foresee it going beyond that in the near term. Not financial advice
Lots of bad news priced in. Based on earnings forecast, not too much of an upside too. So range bound for a while in these well respected support and resistance lines
Micron (MU) continues to test long term support. There's nothing actionable at the moment, but there could be in the near future. Perhaps we break the countertrend structure to buy this stock OR we break the support structure currently supporting the price offering us the opportunity to short. We'll be keeping an eye on this stock to see when or if we're...
Micron Technology has held up better than most big technology stocks. Now it could be showing some interesting patterns to the bulls. First, consider how the memory-chip maker’s low in 2022 is $65.86, or $0.19 above the level where it bottomed in October. In contrast the broader Philadelphia Semiconductor Index recently hit levels from March 2021. MU’s ability...
Nice double top - Adam and Adam. Close below 65.87 will confirm downward trend. Will potentially enter short position today.
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
Micron Technology Short Term - We look to Buy at 66.27 (stop at 64.82) Preferred trade is to buy on dips. Previous support located at 66.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. Dips continue to attract buyers. Our profit targets will be 71.40 and 74.49...