Company is up over 56% YTD on solid demand. Stiff competition, however, will be a drag on guidance - I expect a lackluster guidance revision and a slight correction in share price. $30 PT through November 2017.
- Broke above the mid line of weekly Bollinger. - September 26 is next ER. - There was unnecessary fear around cycle peak. Smart money loaded in while weak investors lost money. - This cycle is more diversified and will last through 2018. - Most analysts are bullish. - Last ER resulted in significant drop. Next ER, I expect at least a 10% pop. - Price target:...
Micron is at it again with it's normal ups on earnings, and down for no news.
Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU),...
Another strategy using Ichimoku Cloud on MU, 2 week chart again.
Just one example where I see this strategy working very well. 9 and 21 period Exponential Moving Averages give the buy and sell signals. I like the 2 week chart for this particular security.
Our algorithmic prediction is reacting to the fact that $MU has had a rapid gain last couple of days - the reaction maybe heavily down for the next coming day(s) - we are shorting with a tight stop-loss.
Weekly Chart: -MU bounced from a strong support line -Double bottom -Broken downtrend Daily Chart: Yesterday bounced from 100 MA Please comment! This is my first idea here :) Thanks!
I like the extended base that formed here, before confirming a weekly uptrend signal, according to 'Time at Mode'. For those not familiar with the technique, it allows you to read the order flow, track the accumulation and distribution, as well as understand and time the trends present on chart, to get optimal trade entries in any market. If you combine this...
(1) A falling wedge has formed since October, wich is a longer-term pattern, and since $MU is in a down trend since 2014, this should be considered bullish. (2) A head and shoulders pattern has completed, with target 10. Combining these two patterns gives a price target and a time-frame. Additional points: * Historically 10 acted as support and resistance. *...
For now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this...