200daymovingaverage
$MU Is A Buy On Dips To $40$MU selloff looks to be overdone in our opinion. Other analysts agree with this assessment.
Needham raised its Micron (NASDAQ:MU) target from $50 to $60 after Micron's earnings report.
Taking note of Micron's downside gross margin guidance - attributable to the excess NAND inventory and related pricing - Needham nevertheless sees several upcoming catalysts for the memory cycle, including 5G and a normalized supply/demand.
More action: Piper Jaffray raised its MU target from $36 to $46, but notes concerns over NAND supplies and ASP pressure.
More action: Rosenblatt jacked its price target to $80 from $60.
Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer SSD markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
As always, trade with caution and use protective stops.
Good luck to all!
BCHUSD: Ascending Triangle With Daily Moving Averages Coiled UpAscending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD ) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move for the breakout is $346 (+10.5%) with a 2.3 ratio. BCH is still btrash though.
My brief belief of what's realistically going to happen with btcThese two lines aren't meant to be exact levels as to where btc will fall to or grow, but more of a realistic play to eventually follow the 200 day average and pull it upward with higher highs and higher lows. Basically a short dip for perhaps a month where btc feels like it trades sideways before it starts to take off towards the 6k mark, but probably not as rapidly as people suspect. This is more of a bullish TA based on trends observed during the last time btc crossed the 200 day and slowly increased in price aprox around Oct 2015. If the buys increase rapidly or the sells break below the 200 day line, this concept will be invalidated.
"Not a dancing bear"Pretty sure I am going to be viewed as a permabear after this blast.
Technical Indicators as I see them:
• RSI – Bearish
• Volume – The rally continues with weak volume
• Short term moving averages have become less bullish – still bullish though
Points of potential resistance:
• Yesterday’s R1: 275.63
• Fib Retracement: 280.36
• 200 Day Moving Average: 269-270
I remain bearish, however with the fed literally saying it has no problem building up a 4 trillion dollar balance sheet - it is shockingly bad for the dollar. This will be false improvement in the S&P but there is a chance it could rise in terms of dollars, because of the dollar losing value. I wish in hindsight I made my gold position significantly higher – however I will slowly be cost averaging into a bigger gold position.
I’m keeping my short going, however it currently feels like death by a thousand cuts.
If you are a bull – please lay out your logic as it will sincerely be well received.
Happy Trading!
Death cross?If you look closely, using the 20-50-100-200 EMA, the 200 EMA is about to finally cross 100 EMA. When this happens, the 200 EMA will be at the top, followed by 100 EMA, then 50 EMA, and 20 EMA at the bottom. This is the hallmark of real bear runs in every market ever. Also, if we look at RSI, the price level is still lower than March, yet the RSI is much higher than March levels, even with the current dip as i type this.
Also, although 4H charts show good bullish indicators on ichimoku kinko hyo, the 1D charts have always been slow to reflect those. When it finally did a day ago, it was conflicting with most of the fundamentals. If the bull run starts now, it would be really conflicting with previous BTC trends.
Truth is i don't think anyone knows what is at play here right now. Best to take some profits if you have them and have those fiat ready in case the big bear comes.
TESLA COMPLETING A TOP, FAILING AT THE 200DAY MATesla stock lost the 50day moving average on Friday and is testing the 200day moving average support today. At current levels the stock would also clear a clean 'lower high' top. On a close below $217 (200d ma, horizontal support) could see a deeper selloff starting with next better support at $199 (gap) and at $188 (summer low)
AUD/USD Rising Wedge and Long-Term Channel ResistanceAUD/USD is incredibly close to the long-term resistance and profit potential is becoming limited for bulls. I'm looking to short soon once I can see a clear breakout from the rising wedge. Also, my price target will be .745 to .748, for I believe this will retest the 200 day moving average.
Key Points
- Rising Wedge (Bearish)
- Double Top (Bearish)
- Long-Term Channel Resistance (Bearish)
- MACD Crossover (Bearish)
- RSI (Neutral)
TLT hitting a double resistance pointWith speculation over interest rates, TLT is hitting a ceiling for a second time.
The .382 Fib line (in yellow) is prominent and the presence of the 200-day moving average (black moving average) make up a double resistance level.
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Cheers,
Enhancing Capital Team