MU trade ideas
Potential upward For MUWith a strong earning i expect the price appretiate by the market. and there is a falling wedge pattern, and seems have been breakout.
Micron Technology: The Spirit of 76?This week was cut short by Independence Day. That makes it a good time to view Micron Technology, which seems to have the spirit of 76.
The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three times since mid-May. Interestingly, the current bounce is happening near the rising 200-day simple moving average (SMA) .
Meanwhile, resistance is bearing down from an intermediate-term downtrend. Notice the declining 50-day SMA (in red). Traders may want to watch for a potential breakout as these two moving averages converge from above and below.
Next, MU’s stochastics are oversold on both the daily and weekly charts. This, combined with apparent support at $76, may suggest downside is limited.
There could also be strong fundamentals with the global chip shortage continuing and more demand on the horizon as the 5G buildout continues.
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Micron at critical pointMicron is either about to break that 200 EMA and fib level and go down to the 60s or bounce off and make a bull run. The financials are there. The technicals are there.
But for some reason people are scared of this incredible company that has posted incredible results. Record numbers and record guidance should help them maintain these levels.
If it bounces I would jump in personally.
MU either directionEarnings and guidance was solid. Should see it bounce from these levels and continue higher.
MICRON TECHNOLOGY, INC (MU) NASDAQTF: D
1. MACD Lines Entering Bottom
2. KC Price Drop Below Lower Line
3. MACD Histogram Bear Losing Power
4. Pullback
5. Impulse System Green or Hollow
6. All-Time High
7. Price Back to Blue Line/ Value Line (Entry Price)
MU Short Call. First one hit, loading up the gun for second.Mu is on a RUN. Using supertrend and being on par with the 1 month/3month chart...... its only inevitable....we like the stock.
MU at a critical pointMU is at that point where it needs to make a move either significantly upwards or down. Selfishly
I want this to be up and I think earnings will settle the long term investor down with the recent price deflation of the memory chip segment which I personally think is a bit early. Seeking alpha posted a great article detailing ZERO EVIDENCE that these memory chips will fall in margin anytime soon. I agree.
I want to see MU break the $85 mark WITH VOLUME as confirmation and push up towards a retest of $96.96. I think if this happens it will actually break this resistance and push towards $105-$115.
If it can’t break $85 I would exit the position if you are long as a bearish downtrend might be eminent.
supply and demand $mu on 15 min from previously being in in these waters before zones match up its history ,...
Sunday Prep 6/27 - $MU Earnings Play - Areas of InterestFrom Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog
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$MU announces earnings on Wednesday, Jun 30, 2021. With that much week ahead of us before the numbers come out, things will depend on where we’re trading as we get closer to the earnings announcement.
But you can see my areas of interest.
Areas above price action represent levels where I may look to fade, and levels below price represent areas where I think we may be offered nice scoops. These ideas are only for quick day-trades, not swings.
Weekly chart shows just 1 more real area of interest, and that is the weekly 20sma currently at 86.44. So if we’re trading 3-5% below that level when the numbers come out, then that area may be a spot I would look to fade.
MICRON TECHNOLOGY DISTRIBUTIONI will be using this for study purposes only since the move is slagish and worth very few pips.
Distribution occurs in many forms, The above distribution has a leading diagonal to mislead buyers before tanking.
We are most likely in the last point of supply at the moment
$MU for Range Trade and For Long!Entry Price: $82.15 is a good entry.
$MU (Micron) for long-term. Current price $82.15 is a good entry. Hold till you make some good money. Also, good for swing trade. Before doing the swing you should need to calculate how you going to place the strategy.
I would be more than happy to make 10% in swing trade. Stocks like $MU doesn't go up 50-60%. But they are really good for portfolio risk management.
$MU vs $AMD*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing $MU for the past few months. After consolidating in the $74-84 range for the past few weeks we finally believe that $MU is ready to take its leap to go past $100.
$MU is a semiconductor company much like $AMD. With this being said investors should expect these two to uptrend similarly short-term along with other semiconductor companies.
For long-term investors $AMD is the chip tyrant that will most likely dominate its competition, but that doesn't mean that we're not going to show $MU some love in the meantime.
We entered $MU this morning at $79.36 and plan to take profit 1-2 months from now at $104.
Entry: $79.36
Take profit: $104
Stop loss: $75
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buy the dip ! RSI getting to a nice oversold area, maybe we see a little bit more downside here. but dip entry is definitely around this area :) target previous highs. goodluck <3
