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MICRON TECHNOLOGY INC CEDEAR EACH 5 REPR 1 COMMICRON TECHNOLOGY INC CEDEAR EACH 5 REPR 1 COMMICRON TECHNOLOGY INC CEDEAR EACH 5 REPR 1 COM

MICRON TECHNOLOGY INC CEDEAR EACH 5 REPR 1 COM

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MUD trade ideas

Micron bouncing back into an uptrendI made a sizeable amount from MU last month, but it was pretty clear at the beginning of August that we were going to have a choppy first week so I liquidated all unprofitable and took profit on volatile equity positions and held on to bonds. I'm slowly starting to buy back into stocks and equity ETFs again, and MU is definitely pulling back into their great uptrend again. If you look at the moving averages, the price over the prior weeks has bounced off the 200 day moving average after barely breaking down below the 50 day. It's now sky rocketing through the 10 day average and flashing that it will go over the 20 day and pull the 10 day up with it. RSI, MACD, and ADX are all indicating the the price trends are reversing back to bullish. Rate of change is flashing bullish again and showing that the macro-reaction to the trade war drama is a temporary setback for this promising firm.
NASDAQ:MULong
by chuckination
1
At Major Resistance level and Upper Channel Resistance$MU had a good run, but it is reaching a major Resistance level at 48, It matches the upper channel resistance level, plus other technical levels like overextended overbought level, waning bullish imbalance, profit taking area, this can reduce the likelihood this will try to breach the 48 level. It makes more sense to try to retreat, shake the tree and try a second attempt after testing the support at 43. This creates a bearish leg targeting at 43. If the bearish side takes over, it may actually bring it down to test the secondary support level at 38. In the best case bullish scenario it could be bouncing in choppiness leaking momentum for a couple of weeks with eventual bull pumps and dumps to try to prevent the bearish positions from building up.
NASDAQ:MUShort
by Madrid
1
MU - long-term short setupMicron reached nice levels where to start building short position. In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession. More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD divergence and current wave C reaching symmetry with A in potential corrective B of larger degree , we are in very good spot to try first entry, and then move stop tighter, if we will see move lower in the upcoming month. Stop: 64.67 Target: ~20$ NASDAQ:MU
NASDAQ:MUShort
by Silvestrov