Micron Strong Buy for 2018 (Great Buy In Opportunity)MU took a 5% hit today with AAPL as it is a big Apple supplier. Apple has had some issues recently about iPhones slowing. Anyway, Micron recently had solid earning reports. Seeking Alpha considers $48.2 a fair market price. Most analysts have put a target of $60+ on Micron. The stock had a 101% growth in 2017. The semiconductors market is going to be a lot more hotter than it was this year. This one is a keeper for 2018! Today is a good opportunity to buy. For risk management, I recommend opening 60% positions now and waiting to open the remaining 40% tomorrow if market conditions are favorable. Trade safe, good luck!
Micron
MU Wildly Bullish after Better than Expected Earnings ReportNice Bullish Kicker. Micron just beat Wall Street's expectations after it announced higher than expected earnings. The stock was up 6% when the market opened. There was some extensive profit taking which was expected before Christmas. The price is starting to recover to the daily high. Today is the best time to get in. Stop loss at 39. Take profit at 58.
LONG MU - MICRON ON 08/28/17 TECHNICAL SETUP FOR OVER 40 BY 09.20.2017 NASDAQ:MU
HUGE OPTIONS POSITION BEING BOUGHT FOR VARIOUS STRIKES
POSITIVE EARNINGS WITH POSITIVE FUTURE OUTLOOK
ROTATION IN SEMIS MIGHT TAKING PLACE
NASDAQ:AVGO IS ANOTHER PLAY ON THIS
SO IS NASDAQ:INTC
preview.ibb.co
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Micron is a stellar investment- Broke above the mid line of weekly Bollinger.
- September 26 is next ER.
- There was unnecessary fear around cycle peak. Smart money loaded in while weak investors lost money.
- This cycle is more diversified and will last through 2018.
- Most analysts are bullish.
- Last ER resulted in significant drop. Next ER, I expect at least a 10% pop.
- Price target: $36-38 after ER.
- Williams R will fluctuate between 0 and -20 for a while.
Micron Technology, IncMicron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
MU: Micron offering a long term long opportunityI like the extended base that formed here, before confirming a weekly uptrend signal, according to 'Time at Mode'.
For those not familiar with the technique, it allows you to read the order flow, track the accumulation and distribution, as well as understand and time the trends present on chart, to get optimal trade entries in any market.
If you combine this powerful methodology, with fundamental analysis, market sentiment tracking, and reaction to news events, you can time entries with great precision.
MU is offering a great weekly long trade here, potential is considerable for this stock, and I'm looking to capture the emerging uptrend I anticipate will take place from here onwards.
Enter longs at market open, if we get a dip towards 10.50 or near that level, add to the position. Risk a drop to $10, for upside well over $14.30.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
3 patterns + possible implication for $MU(1) A falling wedge has formed since October, wich is a longer-term pattern,
and since $MU is in a down trend since 2014, this should be considered bullish.
(2) A head and shoulders pattern has completed, with target 10.
Combining these two patterns gives a price target and a time-frame.
Additional points:
* Historically 10 acted as support and resistance.
* It still has to break through the 13.50 support at which it triple-bottomed.
Which historically never played a role, but was the low during the "flash crash" of August 24.
Putting things together gives a possible scenario/speculation/what to look for:
MU pushes through the support at 13.50 during the first half or so of January.
After this MU keeps trading between the trendlines of the falling wedge, until it reaches the 10 area. This should be somewhere around end February, first half of March.
Here it might break above the upper resistance, completing the (bullish) falling wedge pattern. Who knows that involves a rally before FQ2 earnings.
Micron Technology [MU] in a bearish modeFor now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this stock. Unless surprising news, no major catalysts in terms of tech analysis (unless it was a 3rd elliot wave, but i won't bet on it). it is close to a know support level above 20, going below would lead to a possible sell off.