RAISING POSITION TO 2,000,000 SHARES. UNWARRANTED SELL OFF!Folks, Fake News has Micron Bankrupt while other companies that depend on Micron products, Microsoft, Apple, Google, Amazon, Facebook, Twitter, Data Storage Services, in fact, the entire Technological Infrastructure depends on Memory and Storage to work so if Micron sales are forecast to sink by FAKE NEWS, the entire technology industry will crash with it including Cloud Computing services.
This is a case where if you have brains, you know the truth and you BUY!
Smart Money is buying Micron at these FIRE SALE prices while weak hands and manipulators are trying to push the stock down.
As it stands now, Micron is trading under 3x forward earnings, this by itself is OUTRAGEOUS Wall Street Corruption especially watching AMD triple in price on speculation.
We cannot watch the Corruption win, we are moving our position from 1,000,000 shares to 2,000,000 shares
Like we said in an earlier post, Corrupt Wall Street will make us BILLIONAIRES!
If you look at over 90% of our trades on this board, we haven't been wrong. We've made money on every trade we've closed.
A perfect example of Wall Street Corruption is the price of NVIDIA, with an E.P.S of only $6.65 - Trading over $200 a share
Even if Micron sales fall, they will still beat NVIDIA E.P.S.
The sick part of this story, Micron makes NVIDIA chips along with chips for Western Digital, IBM, Intel and many more companies.
We couldn't ask for a better Christmas Gift!
P.S. We also think, if the price of Micron stock stays down at these low levels, the company will we bought out!
With the cash flow Micron has, along with the positive / rock solid E.P.S, the company is a sitting duck for a BUYOUT at current levels.
Micron
Expecting some continued bear momentum Current market structure appears to be doing an abc correction. Projected targets are labeled (two green boxes) 70 percent chance we hit the first target which lies between 38 and 36.80. If rest of the market begins it's correction then we can expect to see a further decline in MU prices.
Simply educational purposes
Not Financial Advice
RAISING POSITION TO 1,000,000 (MILLION) SHARESMICRON is a screaming bargain at current levels with or without a sales decline, with or without an over supply, etc..
WE ARE RAISING OUR POSITION TO 1,000,000 MILLION SHARES
We are taking a good guess that we will see Capitulation soon with people panicking and running for the doors for NO GOOD REASON!
When you look at the hype surrounding AMD, trading approx. 9 points below MICRON, it makes our argument even more concrete!
AMD up over 2 points today now trading around $32..
Dare to Compare..?
Advanced Micro Devices has a trailing-twelve-months P/E of 80.53X compared to the Electronics / Semiconductors industry's P/E of 18.14X.
Within the last 5 qtr's, AMD had the following earnings: 0.45 CENTS
Q2 2018 - 0.14
Q1 2018 - 0.11
04 2017 - 0.08
Q3 2017 - 0.10
Q2 2017 - 0.02
Within the last 5 qtr's, MICRON had the following earnings: 12.06 DOLLARS
Q3 2018 - 3.15
Q2 2018 - 2.82
Q1 2018 - 2.45
Q4 2017 - 2.02
Q3 2017 - 1.62
DARE TO COMPARE INTEL EARNINGS TO AMD..?
What is happening now to Micron as a company / stock is defined as SICK!
Wall Street Analysts have lost their minds. This was a setup by Wall Street to cash in on options sold short. It was a HUGE Payday for Short Sellers and absolutely criminal.
This is a chance of a lifetime and when Wall Street hands you a HUGE GIFT, know when to accept it, say thank you and RUN TO THE BANK AND CASH YOUR HUGE PAYCHECK!
MU to drop to $30 before next supercycleAs the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock through bullish sentiment in the near term as they'd likely want to obtain the cheapest shares possible before the next super cycle. I suspect this super cycle to occur within the next year as the chart indicates and perhaps pump MU's share price to the $85 area.
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news).
Buy point - I bought at 41.4 but a 43-44 Buy point is good too.
Sell point - 50$ or above (depends on the trend and news).
Stop loss point - 38$.
Long MU on two strong bullish reasonsReasoning is as follows
Look what happens when daily price breaches lower bollinger band (highlighted in green circles) - price rips back up
Price is just hovering on channel support
These two reasons are clear enough for me that price will revert up. One thing to note, there is a strong VPOC node in the $42 - $43 area (not shown here) as well.
MU No Longer In An Uptrend - Indicates Bearish Market Sentiment!The fundamentals look great but the market disagrees...
I've been bullish on this stock for a while but all good things must come to an end.
You know a stock is going up when it makes higher highs and higher lows (green circles). That means it's going up.
It made a lower low (red circle). That means it's not in an uptrend anymore; another way of saying it's not going up.
I drew in the most basic trendline, connecting the lows. It broke that trendline down. That means the market sentiment has changed.
It crossed below the 200 day moving average. That means that over the last 200 days, on average, it's gone down. That's another way of saying 'it isn't going up', or 'its not in an uptrend' Or more accurately, 'its going down'.
It means the current sentiment is not bullish. It's bearish. Only a CHANGE in sentiment would make it go up. You should only buy if you can see something that would make everyone change their sentiment. Something that no-one else knows! Without that change, it will KEEP GOING DOWN!
Otherwise, it's a great time to short it. It's likely to pull back a bit because it's oversold right now, perhaps towards the 200-day moving average, and that's the perfect short opportunity (with a stop loss above the 200 day moving average).
Micron is a cyclical stock, meaning it's prone to these wild swings. Everyone who knows about that area of the semiconductor market knows that microns earnings will decrease DRAMATICALLY at some point when the cycle ends - we just don't know when that is. It's 100% definitely not a good time to buy, because if it doesn't go down in the next few months, it will go down the few months after that. It seems that the overall market has started to decide to sell this. So make sure you're ahead of the others here, and sell before the herd! Like if this helps you, and follow me for stock analysis (and bitcoin!)
ABC Correction is Complete. Moon Time!I think the ABC correction is done and we're probably heading for another Impulse Wave. 4h RSI is at 20 which has been a good buy signal historically. We're also at a good trend line support. Hoping to close this position at around $52 with no stop loss.
Happy Trading :)
Setting Up For Next Leg UpTraders seem to be under the impression that MU will, for whatever reason, miss earnings on September 20th, but there's no reason to suspect that at this point. I expect MU to continue it's long-term upward trend with a nice spike above $55, perhaps after earnings on the 20th.
Micron Technology (MU) Sets Up For 90-100% Gain Over Next YearWe have been following Micron closely and waiting for wave C to complete. It has and we are positioned for big gains over the next 5-12 months.
This movement will outlast our projections for the major markets. What are the reasons for the rise, tops and drops? Our guesses align with trade, and politics.
Our full analysis is at Elliott Wave Ideas dot com.
[MU] Please CritiquePlease point out the wrongs with this analysis. Arguments of an unforeseeable event are going straight into the trash if they aren't substantiated by anything, like for instance change in sentiment.
Argument 1:
Past couple of runs have started with touching the support as highlighted in the image above.
Argument 2:
Past couple of runs have, roughly speaking, started in-between earnings.
Argument 3:
The stock has had a tendency to make a run, touch the resistance, reverse, retrace(in the reversal) and then run again. Assuming that the behaviour will continue, we should expect the start of a run right now. Note that there is relatively high volume around the 63.42 resistance which would make it a good exit point,
Argument 4:
MACD is converging which might signal the beginning of a run. With that being said the MACD's last signal was false as it was a retracement.
Argument 5+6:
The stochastic oscillator is indicating the beginning of a run.
The light blue blocky line is the RSI and has bottomed seems to have bottomed considering historical reversals that indicate the bottom to be around 35-40%.
Again, critique encouraged.
Cheers!
MU time for a correction (mid term-weekly basis)After an intense rally $MU, on a weekly basis, shows signs of weakness quite clear.
RSI actually is flagging up a crude divergence, macd is already in bearish mode and the solid trendline which has supprted the trend so far is almost violated. Volumes are low especially last week where the price touched the mid term trendline (another sign that investors are not so conviced to buy more shares: this latter is confirmed by vortex indicator too).Hence, next week will be crucial, for those who love short positions, it might be a temptive occasion.
A first TP is placed at 44,35 dollars, than 38 and a strong support at 36,02 dollars
A New Cycle Appears to be forming for MicronI have drawn in a nice simple envelope to show the general direction of the stock price for micron (MU). It's not perfect, but it will do. As you can plainly see this is the beginning of a new trend upwards. The price for Micron in September will be over $65 a share, provided they are not acquired before we get there! Who would like to buy Micron? Someone with money. Apple, Intel, AMD, Seagate or China (I'm not sure about this one!). Why would they like to buy Micron? Cheap stock, excellent company. This would be an inexpensive purchase, someone could buy the company, then take away Microns cash, and pay themselves back. Micron would cost little or nothing!
MU - Don't miss the boatI predict MU will make a move higher and start an upward trend within the next two weeks. Looking at the chart starting back a little more than 3 months ago, we see a triangle pattern where the high and low trends are converging. Look for the price to breach one of these trends and make a move (hopefully upwards) within the next week or two.
From a business perspective, it is not hard to see how the need for memory and storage will only continue to increase on a global scale. With the FANG stocks also taking some hits, that capital could potentially flow into stocks like MU. Analysts on the street agree that the current price is very cheap, trading at below 5 times this year's projected earnings. Multiple analysts have this as a strong buy, with some price targets in the $80-$100 range.
I think the stock momentum has been hurt by fears of trade war with China. If we can avoid any major negative news on that front, I think we will start to see MU pop higher.