Technical Analysis for NASDAQ:MU (Micron Technology Inc.)
Weekly Chart Analysis:
- The weekly chart indicates a strong bullish trend, resembling a "bullet train," with prices consistently above the five exponential moving average (EMA).
- Bullish momentum appears to be continuing, with the price hovering near a key support level at 106.
Daily Chart Analysis:
-...
Micron Technology jumped on AI enthusiasm last month and now it’s pulled back.
The first pattern on today’s chart is the bullish gap on March 21 after earnings and revenue beat estimates. MU dipped to $107.05 the following session before continuing higher, but has now pulled back to hold that level. Has support been confirmed?
Second, you have the sequence of...
As we see in chart mu is trying to fil the gap and its near 50% of fibo
And near ema 200 in 4h
We can expect a bounce from 100$ or 96$
So be ready for this big opportunity
And thank me later
Hello Traders and Investors, today I will take a look at Micron Technology.
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Explanation of my video analysis:
Back in 2018 we saw a beautiful break and retest on Micron Technology which indicated even more continuation towards the upside. For over 5 years Micron Technology has also been trading in a quite nice rising channel formation and is now...
During the week March 18, 2024, NASDAQ:MU broke out above a huge 3-year base as shown on the chart and from there went up 30% before the ongoing pullback.
A pullback to the 10-week moving average (the pink line) which is currently right near the upper resistance of the previous base, would provide a good buying opportunity.
After trading a position from support to resistance for months. We are now seeing a break above resistance. Since I played from support, I’m currently in a position. However I’m selling into strength in preparation for a retest. If it holds, I’m looking to go long for longer.
Micron Technology, Inc., ( NASDAQ:MU ) a global leader in memory and storage solutions, has unveiled a groundbreaking advancement in storage technology with the introduction of the automotive-grade Micron 4150AT SSD. This quad-port SSD promises to reshape the landscape of intelligent vehicles, offering unparalleled performance and efficiency for AI applications at...
NASDAQ:MU - expecting growing within a year with an intermediate corrections
Does not constitute a recommendation.
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Micron Technology's ( NASDAQ:MU ) shares have reached a new high after Bank of America raised its price target for the stock. The report from Bank of America stated that Micron is poised to gain from the artificial intelligence (AI) boom, as the company's high-bandwidth memory (HBM) is crucial for AI technology. Bank of America has named Micron, Marvell...
On March 21, 24, NASDAQ:MU broke out strongly out of a very long consolidation, starting from the beginning of 2021, a 2-year consolidation!
There is no buy point for me here. But a pullback to the previous resistance (the horizontal yellow line as shown on the chart) would provide a good opportunity.
Or let's see if there will be any short-term pattern forming here..
MU on the monthly chart 4 weeks ago crossed above the previous ATHs of 2021-2022 and has
risen without retesting. Adding $9 to the all time highs for 10% inflation since then would adjust
them to $104 and price is now in that range and above. Price is in the uppermost anchored
VWAP bands and thus prone to reversal. However, MU is not as overextended as NVDA....
If you haven`t bought the dip on MU:
Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 95usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I...
The thought process is simple, it opened ridiculously high and only fell, while being entirely out of the previous range. This is the beginning of a very likely short term pullback that may last as little as 20 minutes tomorrow morning. But these often Provide multiple waves to ride down through the day. And the pattern is there on daily charts too which is a plus...
Reasons for bullish bias:
- Price has given channel breakout
- Entry at 0.382 fib retracement
- Earnings date is 20 March, it might pump up
- Safe Entry will be above 102
Here are the recommended trading levels:
Entry Level(CMP): 94.16
Stop Loss Level: 78.64
Take Profit Level 1: 109.68
Take Profit Level 2: Open
Micron Technology Inc. ( NASDAQ:MU ) stands tall as a prime beneficiary. The recent surge in Micron's stock price, following an impressive earnings report and optimistic guidance, underscores the pivotal role the company plays in powering AI-driven innovations. With CEO Sanjay Mehrotra at the helm, Micron's strategic vision and robust performance position it as a...
