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MU

MU - Is it just a meme?If you randomly picked a few readers of r/WallStreetBets, they'd probably tell you all about Micron (MU) & AMD and how they have fantastic potential. Focusing in on MU: is it going to live up to the hype? From a technical analysis point of view, I'm inclined to agree! A very textbook flag/triangle pattern is forming - these patterns are generally trend continuation patterns. The semiconductor industry is booming. MU put together a very impressive sequence of earnings beats. All in all, I believe we should see a breakout very soon!
NASDAQ:MULong
by dvdgege5
1
Market Pullback in Coming, Be Careful!If any of you guys have seen my last post about the NASDAQ, I showed a couple retractments I thought should make us all very weary. Well, I'm here to share another interesting piece. It's obvious the normal graph of the NASDAQ has no long term support or resistance. It's impossible, too much compounding going on. However, using the log feature in order to limit compounding, We see a BEAUTIFUL channel that has formed within the NASDAQ. This has nothing to do with Trump or Taxes, this was a 100% EXPECTED move. However, it is obvious the move has run it's course for now. Obviously the channel is still up, so like I said in my original post, we're still in a bullish market. Expect a pullback though, and use this to help optimize profits. Speaking of which, $AAPL earnings failure will help confirm this top, and I think by now the news obviously points to an earnings failure. Optimize and be smart!!!!
TVC:IXICShort
by croganm
2
Micron Holding SupportMicron Technology (ticker: MU) is one of the largest manufacturers memory and storage solutions. The company is currently benefitting from a significant uptick in demand for its products and has seen an explosion in revenue and profits in recent quarters. Due to our technology loving society data usage, and therefore storage, has been growing off the chart. These are some massively bullish trends. Looking at the chart MU seems to be holding at its floor of support. Watch for the stock to rally back to its all time highs in the coming weeks.
NASDAQ:MULong
by gthom9
2
Micron Strong Buy for 2018 (Great Buy In Opportunity)MU took a 5% hit today with AAPL as it is a big Apple supplier. Apple has had some issues recently about iPhones slowing. Anyway, Micron recently had solid earning reports. Seeking Alpha considers $48.2 a fair market price. Most analysts have put a target of $60+ on Micron. The stock had a 101% growth in 2017. The semiconductors market is going to be a lot more hotter than it was this year. This one is a keeper for 2018! Today is a good opportunity to buy. For risk management, I recommend opening 60% positions now and waiting to open the remaining 40% tomorrow if market conditions are favorable. Trade safe, good luck!
NASDAQ:MULong
by Jefe
5
MU inside day long opportunityThe whole stock market is in the rally mode again, inside bar is one of the most effective tool to take part in such market. MU, as a cyclical stock most of the time, also made an all time high on Wednesday. The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12 times can create a huge rally for these names. Of course, stocks won't suffer low P/E for no reasons; there are always skepticism for both MU and GM's business. I'm not really that optimistic to say that they are going to make a REAL turnaround here, but a limited risk set-up to long to take part in the potential continuation is still a solid idea.
NASDAQ:MULong
by Trader_Joe_Lee