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Is NVDA done correcting? LONGNVDA shot up on earnings two months ago and more or less went sideways until mid July when it trended up for a week and then reversed downward. On the 2H chart, I have placed both a VWAP anchored to the earnings date as well as a volume profile. Price is currently above the 0.5 Fib level as well as at one standard deviation above the mean VWAP and above the POC line of the volume profile. The mean VWAP and POC are confluent at about 422. I suspect that it is at this level that volatility will be the highest and at where buyers will step in to open a trade shares of NVDA that have been oversold and are undervalued. Because of that, I will place NVDA on my watchlist for a long trade when it trends down approaching 422. The stop loss will be 418 or about 1% while targeting the recent double top of 475 and so a zone of horizontal resistance confluent with dynamic resistance in the red line of two standard deviations above the mean VWAP. Confirmation of an upcoming reversal is the histogram of the zero-lag MACD going red to green. NVDA has had a great run this year (220%) and its heavy presence in the AI megatrend bodes well for a good continuation.
NASDAQ:NVDALong
by AwesomeAvani
25
MU bullishAccording to analyst ratings, the average 12-month price target for Micron (MU) is $75.32. The forecasts range from a low of $46 to a high of $100. The average price target represents an increase of 17.36% from the last closing price of $64.69. The 30 analysts offering 12-month price forecasts for Micron Technology Inc have a median target of 79.00. The median estimate represents a +17.23% increase from the last price of 67.39. Micron Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 23 buy ratings, 6 hold ratings, and 1 sell rating.
NASDAQ:MULong
by crypto_chan
ASML - Rising Trend Channel [MID -TERM]🔹Forming inverse head and shoulders pattern. 🔹Breaking resistance at 793 indicates further rise. 🔹POSITIVE signal from Rectangle formation breakout resistance at 668; Next resistance at 762. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:ASMLLong
by wavepoint99
MU Long hidden strength even after bad news SL pink line TP Blue line breakout of resistance and turn to support now Even big news 2 days ago from China, price manages to show strength at resistance turns support level many top guru have this counter Portfolio Manager % of portfolio Recent activity Shares Value ≡ Mohnish Pabrai - Pabrai Investments 79.22 Reduce 14.44% 1,592,134 96,069,000 ≡ Li Lu - Himalaya Capital Management 20.20 Reduce 40.52% 6,826,079 411,886,000 ≡ Prem Watsa - Fairfax Financial Holdings 16.49 Add 10.91% 3,839,849 231,658,000 ≡ Guy Spier - Aquamarine Capital 6.24 200,000 12,068,000 ≡ Ruane, Cunniff & Goldfarb - Sequoia Fund 3.44 1,683,406 101,577,000 ≡ Harry Burn - Sound Shore 1.95 Reduce 25.01% 277,060 16,718,000 ≡ Meridian Contrarian Fund 1.59 Reduce 5.49% 172,000 8,597,000 ≡ Daniel Loeb - Third Point 1.18 Buy 1,200,000 72,262,000 ≡ Viking Global Investors 0.81 Reduce 65.82% 2,856,599 172,367,000 ≡ Yacktman Asset Management 0.38 Reduce 8.90% 639,903 38,612,000 ≡ Lee Ainslie - Maverick Capital 0.02 Add 61.95% 12,760 770,000
NASDAQ:MULong
by Coconut_Khoo
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU here: Or sold here: Then Analyzing the options chain of MU Micron Technology prior to the earnings report this week, I would consider purchasing the 64usd strike price Puts with an expiration date of 2023-6-30, for a premium of approximately $1.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MUShort
by TopgOptions
SOXS Bearish Leveraged semi-conductors ETFNVDA turned down today while SOXS rose a bit. On the 30 minute chart is shown to have have been trending down but then reversed in the after-hours trading period albeit with the low volumes typical of after-hours. The relative volatility indicator however showed a dramatic reversal and will be beyond the moving average within the indicator. Overall, I see this as a day trade for June 27th. I have marked out a tight stop loss to minimize risk. This trade which I will enter in the premarket is expectant for 8-9% profit and so a reward to risk of 15:1
AMEX:SOXSLong
by AwesomeAvani
Short Semiconductors by Trading SOXS LongThis chart shows the long-term ratio between SOXL/SOXS. The intent is to detect reversals between semi-conductors long and short. At the pivot high, the price of SOXL compared with SOXS is at its highest. With a retreat from the pivot high, the price of SOXL is retreating while SOXS is rising. Historically in 2022 as shown on the chart, pivots were with a ratio of 1,25 to 2,35 while the low pivots were with a ratio of 0.2 to 0.6. At present SOXL has run up and over-extended as part of the AI breakout phenomenon. The ratio of 1.8 is in the reversal zone where SOXL price is dropping while SOXS price begins a significant rise. At present, the mass index is above 27 and awaiting a drop below 26.5. The second indicator rate of change (ROC) detects spikes in the SOXL /SOXS ratio presumptive for a pivot. The last time SOXS ran up over a long term ( with SOXL turning down) was August to October when price increased from $33 to $88 representing a 266% rise. I see this as a prior supertrend that could now be repeated again. In conclusion, this idea leads me to take a swing long position is SOXS which I expect to trend up over a period of a couple of months or more.
AMEX:SOXLLong
by AwesomeAvani
4
PATH - Rising Volume Lifts PricesOn the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was in a narrow range. In May as can be seen on the indicators, both volume and more especially volatility have increased significantly. The chart pattern is now that of an upward facing megaphone reflecting the volatility. The strength momentum band is much wider. Price is above the POC line of the volume profile reflecting a bullish dominance. Fundamentally, PATH is a player is the exploding AI subsector. Cathie Wood is quietly accumulating shares for her ETFs as are many other large portfolio investors. In summary, PATH appears to be an excellent long setup. Sitting in the shadows of NVDA, MU, TSM and others whose focus is hardware, PATH provides software and services it. Its path to hypergrowth and so price appreciation appears to be abundantly clear.
NYSE:PATHLong
by AwesomeAvani
NVDA can it fall from the ceiling after EarningseOn the 2hr chart, NVDA popped from earnings over 20% putting with a PE Ratio sky high on the promise of semiconductor heaven and AI ecstasy. Can it stay there ? Will it lead other technology companies ( semiconductors / cloud services / AI et cetera) higher as well ? Is it now overbought and looking at a glass ceiling? The indictors suggest a near-term top, I think. ( Money Flow Index. Stochastic RSI ). Accordingly, I will buy put options striking $ 400 for expiration 7/21 and be quick to take profits expecting NVDA to equilibrate in less than a week. In th meanwhile, I will hdege by keeping my AMD and MU call options open figuring that they will jump up as copy cats of this move. I will cut them loose as soon as price action and a loss of volume suggest retracement as well. I see buyers who got in late with high FOMO to be the lad sellers fueling the put options into easy profit.
NASDAQ:NVDA
by AwesomeAvani
2
ASML makes the technology that makes semiconductorsASML is shown here on the one-hour chart as having a great quarter with consecutive favorable earnings It has moved above the blue volume trading range on the profile. The accumulation distribution indicator shows persistent and high accumulation. The volume heat map shows recent heat volume spikes. Since ASML has products essential to chip- manufacturing and is the leader in its field it is very well positioned for the AI boom that is underway according to all the chatter. ASML is one of the IBD Top 50 tech stocks. If the chart is zoomed out, there is a rising wedge which might be a bit of bearish bias. Overall, I see this as a long setup worth buying.
NASDAQ:ASMLLong
by AwesomeAvani
Update $MU , Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities. As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals. In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you. My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market. I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated. Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices. Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading! Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NASDAQ:MU
by wealthwiseida
Long Trade in MUMicron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the first breakout into a new Stage 2 uptrend which is exactly where I like to buy. Look to build a position in the mid $60s if possible. The trade sours if it closes below its 50-day moving average (red line on chart) which is currently around $62 and rising.
NASDAQ:MULong
by rossgivens
Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities. As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals. In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you. My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market. I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated. Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices. Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading! Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NASDAQ:MU
by wealthwiseida
MU - Breakout Falling Trend Channel- MU has broken through the ceiling of a falling trend channel in the medium long term. - MU is moving within a rectangle formation between support at 59.43 and resistance at 64.83. - MU has given a positive signal from the rectangle formation by a break up through the resistance at 63.13. - The stock is testing resistance at 64.00. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:MULong
by wavepoint99
Micron Announces Layoffs for 2023; Sales Could Dive 50%Semiconductor company Micron Technology (MU) just announced it will cut 10% of its workforce in 2023 as it braces for revenue to drop more than 50%. Micron's revenue is not the only thing at risk of dropping next year though -- its stock price could be starting what may ultimately end up being a years-long descent. The above yearly chart (also reproduced below) shows that Micron's price was rejected at a major resistance level. The Stochastic RSI shows that yearly momentum is beginning to roll over from overextended levels. This is quite bearish looking. The combination of Micron's price being rejected from a major resistance level and momentum rolling over on the yearly chart could signify that Micron is entering a period of prolonged decline. This trend, however, is not unique to Micron. In one of my prior posts, I explain that the entire S&P 500 is at risk of further decline. (See below post for more details) Yet, not all hope is lost. On the quarterly timeframe, Micron's price is potentially forming bullish reversal candles at the mean of its regression channel. For those who are unfamiliar with a regression channel, it simply indicates how far above or below the mean (or average) price an asset's current price is trading. In the regression channel above, the red line is the mean price, the upper channel line is 2 standard deviations above the mean, and the lower channel line is 2 standard deviations below the mean. Unlike trendlines, price can rise above or fall below the regression channel lines and not invalidate them. If Micron's price can find support and reverse at the mean, perhaps the long-term upward trend will continue. Of note, Micron's price is also generally quite correlated with that of Bitcoin, as shown below. What might Micron's nosediving revenue prediction mean for Bitcoin?
NASDAQ:MU
by SpyMasterTrades
8