MU --- MICRON mid day progression...... MU --- MICRON mid day progression...... on the DAY CHART CHANNELS...... making some progress...
NOTE:
(any stock can always pull down for any number of reasons, news etc)...
So always take at least some profits when you see them. Still holding for now. Day trading.
We shall see.....
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU trade ideas
MU -- time to move up is possible now as a GAP downseenMU -- time to move up is possible now as a GAP down seen from yesterday... (Before the BELL today 9:23am) --- we shall see......... Thank you.
The day will tell.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU --- as it reached the TOP, a pullback was expected.MU --- as it reached the TOP of my channel, a pullback was expected. It should drop down a bit for a retracement. I will wait to buy back in on the lows of this channel ---- Thank you.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
Solid move3.6% back up today definite CHANNEL line patterns seenThis is a 15-minute PARALLEL CHANNEL PATTERN formed.
Let's see what the next few trades do on this channel between the parallel lines. You can clearly see the pattern it creates and - whether it continues up and breaks UP AND THROUGH the top channel line for MORE further gains...or goes back down the channel. This will indicate the trend that is forming... either way is good to see what is forming...
It is always helpful when DAY trading.
MICRON -- Nearing a channel top....REVERSE is possible next...Since Early to the mid part of 2019 (Mar and then July 2019) the channel rose upward for Micron... It is nearing the top of that channel.... and struggling to maintain there....so It may be a temporary end of this current rise. Take a bit of profit off the table before buying back in... IMO. We shall see, but this is what I am reading into the chart patterns. Thanks.
MU --Micron resistance level coming up!! 61.73 approxMU --Micron resistance level coming up!! 61.73 approx from previous highs in the past (March and June 2018)... needs to go beyond this resistance...next report in March 2020. Potential: ▲ (11.30% Upside) The average MID price target (from analysts) represents a 11.30% increase from todays price point.
Quick DropThe semi's have been red hot. So any shorting done needs to be done with super tight stop/losses. MU is presenting a great opportunity to get short. It's currently rejecting a long term trend. Another gap up this morning is going to likely open MU right on the trend again. Expecting a fade off the gap.
Any sign of strength on a break through of the white trendline...so around 60.75-61 needs to be the stop/loss
Fundamental Analysis MU Earnings Micron TechnologyCheck my profile for more info!
For my latest stock, I took a look at Micron Earnings $MU Stock. Darth Bear got 2Pts, while Bull Solo got 5Pts! MU is a strong company with a healthy balance sheet!
Darth Bear Points
1)When comparing Q1 20' vs. Q1 19', there was a decrease in sales in all segments (Compute, Mobile, Storage, and Embedded) of the revenue. Total revenue was down ~35%
2) Outlook for Q2 2020(EPS of $0.35 +- $0.06) is still lower than Q2 2019 (EPS of $1.42).
Bull Solo Points
1)MU beat earnings and revenue!
2) The company is working on projects for the future, Upgraded version of their current products + the purchase of new AI Company will help them work with AI customer needs.
3) The company has a strong shareholder return, buying shares every quarter with Annual free cash flow + buying back senior convertible note to reduce dilution count.
4) Balance Sheet is looking good! It has more cash than the total debt, which is always a great thing. Continuously paying down its debt.
5) Analyst Estimate Future EPS and revenue is growing for the next two years. Giving MU Forward P/E ratio of about ~11, If this is the bottom, then these are great numbers.
$SPY $AMD $SOXL
MU strong stock trend in stronger On a yearly performance, MU did better than 77% of other electronic components stocks. Now it is currently trading near its 52 weeks high so it is performing in line with the broader markets.
On a mid-term based daily chart, we could see a strong wedge uptrend pattern with momentum, and a few minor pullbacks occurred due to some broader geopolitical impacts such as the trade war and global 5G development uncertainty. But the stock is kept showing higher lows signaling the investors' passion for it.
MU is about to consolidate at the 56.8 support level which is lying underneath the price as the chart indicated above. Since the ATR volatility risk has not packed in too much yet at the current high, DMI overall trend indicator is still heading up and bull-side trend strength is still controlling the directional momentum, I would go long with it. My target is simply at the prior all-time high resistant area which is indicated by the red band above the stock price roughly at 60, any pullbacks that break below its bollinger bands middle band could be seen as a stop-loss trigger.
Besides, on the order flow side, there were over 2.9 million valued long calls detected from the options chain today with a strike at 60, expire in March.