Looking for a rebound on MU at ~36.50MU could see a rebound from ~36.50 to ~40/43.75. RSI divergence in 1h chart already occurring, but I'll be waiting for 4h chart divergence and preferably even in the daily.
MU
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 $32..
Dare to Compare..?
Advanced Micro Devices has a trailing-twelve-months P/E of 80.53X compared to the Electronics / Semiconductors industry's P/E of 18.14X.
Within the last 5 qtr's, AMD had the following earnings: 0.45 CENTS
Q2 2018 - 0.14
Q1 2018 - 0.11
04 2017 - 0.08
Q3 2017 - 0.10
Q2 2017 - 0.02
Within the last 5 qtr's, MICRON had the following earnings: 12.06 DOLLARS
Q3 2018 - 3.15
Q2 2018 - 2.82
Q1 2018 - 2.45
Q4 2017 - 2.02
Q3 2017 - 1.62
DARE TO COMPARE INTEL EARNINGS TO AMD..?
What is happening now to Micron as a company / stock is defined as SICK!
Wall Street Analysts have lost their minds. This was a setup by Wall Street to cash in on options sold short. It was a HUGE Payday for Short Sellers and absolutely criminal.
This is a chance of a lifetime and when Wall Street hands you a HUGE GIFT, know when to accept it, say thank you and RUN TO THE BANK AND CASH YOUR HUGE PAYCHECK!
Micron Tech does not look pretty$NVDA broke down last week. Here is also a chart of $MU. If its here or lower then first target is at $33 or 20% lower from here, but I wouldn't exclude a correction to $27 or -33% from here!
MU Daily Look Gap Located similar to BABA nearly exact... Trendlines Fibs and Gaps. Wave T would work too
Entry $225, Add The Rest At $220I like it for a short term swing near a technical area on the chart.
MU REACHING A POTENTIAL BUY LEVELMU is still in a downtrend on daily but i'm expecting one last wave down before a potential reversal. Look to the price action in that level on a lower timeframe.
Waiting for break out to go longIt's forming ascending triangle at the end of down channel and that would cause break out to go up. If not we will hit 40$ again. Upon upward break out - target remains 52.
AMD Long Directional Bias: Long
Price Target: 28.5
Good Entry: 26.8-27.2
Risk/Reward: $40 cents max stop/$1.3 reward
MU LONGWe’re picking up and seeing a trend reversal. Even though MU has not kept there word by purchasing there own stock. I think they will let it slowly build and then we will see a big jump in the coming months back into the high 50’s
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 $85 area.
SOXL 50/50 Well A multi year flag? A big move is coming, My gut has been telling me to Buy TVIX or UVXY and DRV as my gut is bearish, no doubt SEMI's are not going anywhere, but the overall Bull market run tells me we are due for a shocker sometime soon, DRV soon looks to be profitable.
THE WEEK AHEAD: MU EARNINGS; EWZ, GDX, USOAlthough both FDX and ORCL announce earnings tomorrow (Monday) after market close, the underlying with the implied volatility metrics I generally look for in a volatility contraction play are present in MU, which announces Thursday after market close.
With a rank of 82 and a 30-day of 60%, the 70% probability of profit 39/52.5 20-delta short strangle is paying 1.66 at the mid-price. Since it's been beaten down a bit recently, I could see skewing that setup a bit to the bullish side, and or capping off call side risk via a Jade Lizard (the October 19th 39/49/50 would do the trick -- it's paying 1.13 at the mid with no upside risk above 37.87).
As far as non-earnings are concerned, implied volatility is present where it's been for a bit -- in EWZ (rank 99/implied 55) (the Brazilian exchange-traded fund), PBR (88/72) (Brazilian petro), CRON (76/124) (cannabis), GDX (66/30) (gold miners), and USO (58/27) (oil). Naturally, there's also TSLA (69/54), but with earnings in 52, you might as well wait for the full-on, earnings related volatility expansion/contraction ... .
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ 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$.
MU : Next Possible TargetsA : Breakout Pivot @ 41.74 - Go long
B : Gap not fully filled @ 40.60 - 65 ish
C : Double bottom @ 39.84 VPVR as well gives strengths to this possibility. One week before ER it's a lot of time, I don't think institutionals will enter before.
I'm 25% B and 75% for C seen price dynamic. What about you guys?
MU MACD Sell SignalStrategy has >6.5 profit factor on the 250,1000 MACD cross, which doesnt trigger often but triggered sell this week
MU Micron Bullish OutlookMicron looks bullish but becareful, if it breaks below the trendline it will become bearish very fast. This stock is very volatile.
