MU
$MU bullish continuation with NVDA?$MU setup looking very nice on higher time frame. possible push tomorrow with sympathy play with NVDA earnings if
wall street decide to pump NVDA or the overall tech market. be advise that MU also approaching its ATH. so pull back
is very possible.
Day trade or scalp target play: 02/17/22
Buy call above 97.18 sell at 98.29
Buy puts below 94.26 sell at 92.50
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
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MU: Back to Resistance? Micron Technology - Short Term - We look to Buy at 79.23 (stop at 73.95)
Preferred trade is to buy on dips. We have a 61.8% Fibonacci pullback level of 78.15 from 65.60 to 98.45. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 96.50. Offers ample risk/reward to buy at the market.
Our profit targets will be 96.23 and 107.95
Resistance: 90.00 / 96.50 / 100.00
Support: 79.00 / 70.00 / 65.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
MU, 14 Jan. Breakout of the Decade?Micron has reached $97 on 17 Jul 2000, right before the dot-com crash. We are now back to exactly $97 (the blue line), for the second time, forming a gigantic cup (and handle) pattern. Look at the weekly chart to see it.
With such an epic pattern, the question is if we can position ourselves for a potentially large breakout.
Geometry:
Price has formed a bullish descending broadening wedge (green lines) and broke above it.
Oscillators:
RSI shows a bearish divergence, Stochastic is due to retrace.
Volume:
Vol is declining, suggesting that the uptrend is stalling.
Moving Averages:
The 20 week MA is approaching 80, the 50 EMA is at 85, potential supports.
How to trade it:
The fact that price approached the resistance for a second time seems promising for a large breakout. The problem is that we do not see a clear handle on the weekly chart. In the worst case, we will get a multi-year handle-forming chopfest.
Oscillators suggest that price needs further consolidation. The idea is to test longs at $94, and around $85, where the 38.2% retracement meets the incoming 20 week MA, and the trend line. Look for Stoch/RSI to be oversold. The expectations of a great earnings result (and the earnings itself) could be the catalyst for the breakout. The idea may not work if price falls below the green support line at $85.
Micron Technology: Bull Flag Offers Good Risk:Reward Micron Technology - Short Term - We look to Buy at 87.30 (stop at 83.80)
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Prices are extending higher from the bullish flag/pennant formation. Trading volume is increasing. Daily signals are bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 87.00, resulting in improved risk/reward.
Our profit targets will be 96.90 and 102.00
Resistance: 95.00 / 100.00 / 105.00
Support: 87.00 / 85.00 / 80.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Closed: MU January 21st 86/97.5 Short Strangle... for a 2.12 debit.
Comments: Total credits collected of 3.23 (See Post Below). Closing it today for 2.12 results in a realized gain of 1.11 ($111), which was my original profit target.
$mu analysis 30minAfter wicking into all time high supply, a head and shoulders patterned has formed suggesting a move to the downside. $92 is the key level here. This is a price you can play long and short off of. The directional movement of $MU will depend on the overall strength of other semiconductor names, this could easily make new highs in the following weeks of January.
$mu analysis Sometimes there is no need to get creative. Semiconductors have been hot, and $MU is one of the few that hasn't made a new high yet (although it came close, wicking into supply levels near the all time high of $96.69). The bigger picture here is that price is extended from the 21 day and closed below the 5 day last week. It seems a slight pullback is in order
Rolling: MU January 21st 69 Short Put to 86... for a 1.01 credit.
Comments: With the 69 short put converging on worthless, rolled it up to a strike with a delta about half that of the short call. I originally collected 2.22 in credit for the 69/97.5 short strangle (See Post Below) and had a profit target of 50% of that or 1.11. Consequently, I'm revising the profit target to 1.11 plus what I received for the roll up of the 69 (1.01) (i.e., my new profit target to take off the now 86/97.5 is 2.12).
The other way to look at it is that I've collected a total of 3.23 in credits -- 2.22 for the original setup plus 1.01 for the roll up, and I want to close it out for 1.11 less than that or 3.23 - 1.11 = 2.12.
$MU | Watchlist #1 | 12/27 - 12/31 MU 94 BOUNCE
or 92.7-93 BOUNCE
Strategy:
Post earnings report rally
Buy into weakness at the bounce levels
News Catalyst: "Micron Technology (MU) shares were up nearly 5% to trade at $94.84 on Thursday, as more than 25 million shares changed hands shortly before 2:30 p.m. EST. Over the past five trading sessions, Micron has risen more than 16%, compared to a 1.7% gain for the S&P 500." - seekingalpha.com
$MU bullish reversal$MU Micron Technology Fiscal Q1 Results Rise; Issues Fiscal Q2 Guidance -- Stock Gains 6% After-Hours
stock just breakthrough the first resistance at 84.30 with the stock gapping up at after hour, people might take
some profits at the opening bell tomorrow. maybe wait for a bit to settle down until premium gets a bit cheaper
and see the formation of the stock is going.
also $MU is about to enter a squeeze and buyers in control so this could
possibly continue to push up and break ATH.
day trading entry scalp
BUY call above 86.90 sell at 88.90+
BUY puts below 83.96 sell at 80.95
always take profits as you see one. always follow your plan and risk management.
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
Opened (Margin): MU January 21st 69/97.5 Short Strangle... for a 2.22 credit.
Comments: Earnings announcement volatility contraction play with rank/implied at 79/59. 2.22 credit on buying power effect of 8.07 (on margin); 27.5% at max as a function of buying power effect; 13.8% at 50% max.
Will look to take profit at 50% max; manage sides on approaching worthless/side test.
$MU | WEEKLY WATCHLIST 12/20$MU 1W
Nothing new here. I like other semis better, they have better opportunity imo. Still expecting a pullback on this one.
$MU 👇🌅💰Earnings one Monday after the close! We will see if the semi conductor sector is able to muster enough tail wind to see a breakout of this weekly bull flag...
MU - Bearish option flow into earningsBearish option flow into earnings.
On Friday, December 17, 2021 there was some notable buying of 4,882 contracts of the 12/23 $77.00 put
The fib retrace level for 50% would be the $77 area.
$MU | WEEKLY WATCHLIST 12/13$MU 1D
Although holding up fairly well still, my bias is telling me we still may see a wave 2 down before the next impulse. Looking at the $70-77 region for a great dip buy. Staying patient on this name.
$MU sniper edition #4*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $MU at $72.92 per share. Our first take profit is $92.
My team averaged up on our position today at $82.5 per share bringing our share average up to $77.71.
OUR FIRST ENTRY: $72.92
OUR 2ND ENTRY: $82.50
FIRST TAKE PROFIT: $92
2ND TAKE PROFIT: $103
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$MU | WEEKLY WATCHLIST 12/6Momentum curling over which is what we want to see. Looking for W2 for a MAJOR buying opp. Stay patient friends.
Micron Technology for short term respite. MUFibtime suggest a drop over the next month to month and a half. This is a guess as markets can never truly be timed. Time after all is not a continuum and has ebbs and flows like a river. We just simply do not notice them. Here believing end of an A within a B within a B. Divergences happened, momentum shifting, 5 Wave impulse confirmed. 0-2 line not shown, but we are certain to be heading down on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
MU Rising Wedge BreakdownMU is within a rising wedge
Rising wedges are a bearish indicative pattern
I am suggesting a collapse down to a stronger area of support to manage this rising wedge
The other scenario is that this rising wedge breaks out to the bullish side, but for the consistency of chart pattern expertise we will stay with the bearish approach, which is considered appropriate.
$MU Long into EarningsTake Profits at the major Support Level. Earnings around Dec 17 so looking at long call options to ride the volatility.
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
$MU | WEEKLY WATCHLIST 11/22Swing execution plan still remains the same. Micron just decided it wanted $80+ first. Still seeing this initial impulse as a wave 1 and looking for a wave 2 below. Since wave 1 was larger than I expected, I have adjusted my count for waves 2,3,4 and 5 to accommodate this change. (much larger 5 waves up)
