The UncertaintyHi guys. Yes, MU has been in the bullish mode but I'm cautious about the current situation. Maybe the lower levels need to be retested before the uptrend is resumed. It's in the gray zone in my humble opinion.
MU
MU. One more up move?MU. Daily LOG. Good positive reversal daily RSI. Using my stop as close < 36.60. Target just < 55. Process your way.
Micron Holding SupportMicron Technology (ticker: MU) is one of the largest manufacturers memory and storage solutions. The company is currently benefitting from a significant uptick in demand for its products and has seen an explosion in revenue and profits in recent quarters. Due to our technology loving society data usage, and therefore storage, has been growing off the chart. These are some massively bullish trends. Looking at the chart MU seems to be holding at its floor of support. Watch for the stock to rally back to its all time highs in the coming weeks.
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!
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.
MU BULLISH BOUNCE OFF THE EMASWatching for Bounce here off the 10. If we do not hold, will watch for a play off the 20 EMA. Solid play!
$MU Bearish - short term swing tradeGravestone doji @ $49.50 confirmed bearish. Stock well overbought.
MU Move Bullish FlagThis upward flag although looks bullish, could possibly spark some selling if channel is broken. Closing most my position with nice profits. Letting some run.
Good luck!
MU inside day long opportunityThe whole stock market is in the rally mode again, inside bar is one of the most effective tool to take part in such market.
MU, as a cyclical stock most of the time, also made an all time high on Wednesday.
The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12 times can create a huge rally for these names.
Of course, stocks won't suffer low P/E for no reasons; there are always skepticism for both MU and GM's business.
I'm not really that optimistic to say that they are going to make a REAL turnaround here, but a limited risk set-up to long to take part in the potential continuation is still a solid idea.
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
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Bonus Earnings: Sep 26: Micron - The Balloon is Getting FullCompany is up over 56% YTD on solid demand.
Stiff competition, however, will be a drag on guidance -
I expect a lackluster guidance revision and a slight correction in share price.
$30 PT through November 2017.
MU sellAfter the third rising, MU still can't reach the level of the second peak, and complete a head and shoulders pattern
$MU - OBV Fib Levels, Money Flow, and OptionsDespite a solid earnings report, $MU took a beating today and has a lot of bulls scared.
However, looking at the OBV and the fib retrace i set on it...the largest volume bar of recent wasn't the one that brought it to the level it's at now. A weak break (weak on volume) there is important because it means that a little more volume can kick it back up fairly easily.....so there's not much downward pressure.
And after a dip in the money flow following that volume bar, we can see it starting to rise again. Today's money-flow was positive...implying there was alot of buying in the name today.
The options market supported the long thesis today because we saw some very large Call sweepers, mostly at the ask side. and a bullish P/C ratio.
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I see this stock moving up next week gradually.
Typical Micron (MU) - Good trading.Micron is at it again with it's normal ups on earnings, and down for no news.
