$MU Bullish setup best entry near 34 targeting 46-47Bullish candlesticks wit oversold indicators .. filled previous gaps but still there are more gaps below at 29.5 and 22
MU trade ideas
MU -- coming along nicely ---- Resistance possible at $63 rangeMU -- coming along nicely ---- some resistance may be possible at $63 range --- from a previous high level from months past...(Summer of 2018 highs) . IMO... NEW BUY recommendations coming in today.(from Analysts) . IMO
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
MU (Micron) 06/02/20• Further upside. supported by 55 EMA.
• Earning boosted.
• Raymond James upgrades Micron (NASDAQ:MU) Market Perform to Strong Buy with a $70 price target.
• Analyst Chris Caso thinks supply/demand conditions are "highly likely to improve further as the year progresses" and that inventory levels are "approaching normalized levels."
• Caso sees a number of growth catalysts ahead that could drive "significantly improved demand" in H2.
• Micron shares are up 2.4% pre-market to $58.13. The company has a Bullish average Sell Side rating.
MU --- great movement as seen from Jan 31 BUY IN. point.MU --- great movement as seen from Jan 31 BUY IN. point....as it rides the channel.
Always use stop losses and take some profits off the table at your own discretion.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
Example of a Shooting Star candle, bigger drop incoming?MU formed a Shooting Star on the Weekly chart. And looks like a Pipe Bottom is shaping. This could signal more bearish movement, at least towards the 0.382 fib level where it may find enough support and consolidate. Looking to buy at that level if support shows strength.
Micron: First Healthy Pullback Since Breaking OutChip stocks have been the strongest corner of the market for the last year. Now one of the most actively traded names in that group has had its first healthy pullback since breaking out to new 52-week highs: Micron Technology .
MU has been working its way through an 18-month consolidation pattern following a huge run between mid-2016 and mid-2018.
It broke out to a new 52-week high in mid-December as the market flew into new territory but remained below the previous peaks from 2018. The risk/reward wasn't great, even as MU kept chopping higher, but now it's pulled back to some key levels and may offer a cleaner opportunity.
Two important things stand out on MU's chart: The 50-day simple moving average (SMA) and the recent low around $52.50. Both provide a good risk-management zones for buyers seeking a move back toward $60.
Fundamentally, most indications have remained positive for semiconductors . MU CEO Sanjay Mehrotra called a bottom for memory chips in December, and Intel's (INTC) surprisingly bullish report on January 23 showed orders are still strong. There's also the forward catalyst of 5G networking.
MU --- nice little pull upwards! -- this am.MU --- nice little pull upwards!
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU --- negetive news -- pulling it down REVISED channel seenMU --- negetive China news yesterday has it pulling it down a bit --- REVISED channel seen now... so possible it may drop to MID 53.50 range before climbing back up....
Sold part of my position and will puchase back in...
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU --- MICRON mid day progression...... MU --- MICRON mid day progression...... on the DAY CHART CHANNELS...... making some progress...
NOTE:
(any stock can always pull down for any number of reasons, news etc)...
So always take at least some profits when you see them. Still holding for now. Day trading.
We shall see.....
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
