Based on an assumption that current price action is an accumulation ,
i initiated a position today based on BO of BUEC (POE #4 ) -
Entry : 76.40
Stop Loss : 74.23
Take Profit (2r) : 80.77
Short Term Trade, more risky entry compare entry @ BUEC
Pure Wyckoff Methode
Micron's share price is looking attractive at current levels but a pull-back will be appreciated. The current price still looks attractive as we come to the close of the year. The price will probably face some resistance at $ 80 if the stock pushes higher in December and January.
If the stock falls to the 50-month MA, I will buy more shares as I wait to see if...
IMO, the strong earnings we just saw and sympathy could bring MU to all time highs by the end of 2023! I'm VERY bullish above $75, to AT LEAST $85ish. This ticker is a diamond in the rough and will receive sympathy from NVDA and AMD. Cheers!
The asset is operating within a long-term uptrend channel.
The medium-term setup appears to be an inverted H&S (Head and Shoulders) pattern. Currently, consolidation is taking place, and soon we might be witnessing a breakout, potentially aiming to retest the top of the uptrend channel.
Thank you!
64 is an important support level for MU. This has acted as a resistance level during the peaks of Nov 2022 and Jan, Apr and May 2023. Most recently, MU had tested this level in end Sept and bounced from it.
MU is also in a symmetrical triangle formation.
A bullish harami formed on 27 October.
MU should go up to at least 72 where there is another resistance level.
Micron Technology has steadily climbed this year, but now there could be signs of exhaustion.
The first pattern on today’s chart is the rising trendline along the lows of December, March, August and September. Prices have pushed back toward this support, which may suggest it’s getting ready to break.
Next is the falling resistance that began in mid-September....
If you haven't bought MU here:
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 75usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.37.
If these options prove to be profitable prior to the earnings release, I would...
AT A GLANCE
Simplistic Analysis: swing back to the lower channel line.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues
earnings confidence on a scale of 1-5: 2
I'm long in this because:
we broke the looooOOOoooonnng tren line
price > all SMAs and EMAs
if the FED doesn't raise interest rates in a few days I see the bulls lurking aroung the corner till the end of this year
MU is very interesting to me at the moment, it's currently formed a flag and as you can see in the chart we have had a steady up trend across the board in both price, RSI and MACD.
You could argue MACD has already broken out of a triangle type formation to the upside even.
The risk-to-reward ratio is quite good, you can place a trade with a stop loss just under...
VPA shows a huge accumulation area, ascending wedge upwards, breaking resistance at 64-65, first time to see price not immediately gapping down. I believe a good place to take a Long position for one good push before we get into some form of stagflation.
Micron Technology Inc. (MU) in a two-sided framework, capable of contain buying and selling pressures on a weekly basis.
If (MU) were able to close above the resistance of this framework on a weekly basis, this would elicit a buy-signal where gains of 20% would be anticipated over the following 2 - 3 months.
Inversely, if a weekly settlement below the support...
My favourite Long Ideas for today and into the future Until prixe stays above the Green TrapZone.
Picks are based on the momentum, volume and price action.
on 23/8 NVDA got earnings release after market close.
Last time it effected MU , made here GAP UP 4.8% . from 66.5->69.5.
now we got a triangle pattern on weekly chart MU -> a potential 2 to 1 profit .
Howdy Traders!
This is a super quick chart reading. NASDAQ:MU has created a parallel channel. The channel is bullish, and the stock broke-out to the bullish side, confirming that. The price target for this trade is $70.05.
Bona Fortuna!
According to analyst ratings, the average 12-month price target for Micron (MU) is $75.32. The forecasts range from a low of $46 to a high of $100. The average price target represents an increase of 17.36% from the last closing price of $64.69.
The 30 analysts offering 12-month price forecasts for Micron Technology Inc have a median target of 79.00. The median...
