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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

Sunday Prep 6/27 - $MU Earnings Play - Areas of InterestFrom Sunday Prep Jun 27, 2021 prepared by TrueTrader pro @RickyAnalog --- $MU announces earnings on Wednesday, Jun 30, 2021. With that much week ahead of us before the numbers come out, things will depend on where we’re trading as we get closer to the earnings announcement. But you can see my areas of interest. Areas above price action represent levels where I may look to fade, and levels below price represent areas where I think we may be offered nice scoops. These ideas are only for quick day-trades, not swings. Weekly chart shows just 1 more real area of interest, and that is the weekly 20sma currently at 86.44. So if we’re trading 3-5% below that level when the numbers come out, then that area may be a spot I would look to fade.
NASDAQ:MU
by TrueTraderOfficial
$MU vs $AMD*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* My team has been analyzing $MU for the past few months. After consolidating in the $74-84 range for the past few weeks we finally believe that $MU is ready to take its leap to go past $100. $MU is a semiconductor company much like $AMD. With this being said investors should expect these two to uptrend similarly short-term along with other semiconductor companies. For long-term investors $AMD is the chip tyrant that will most likely dominate its competition, but that doesn't mean that we're not going to show $MU some love in the meantime. We entered $MU this morning at $79.36 and plan to take profit 1-2 months from now at $104. Entry: $79.36 Take profit: $104 Stop loss: $75 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MULong
by SimplyShowMeTheMoney
2
Micron (MU)... Your GetOut of Semi Conductor Jail Card ?MU has suffered on recent tech sector weakness. If you believe this will reverse them MU may be your horse. 1. The price has retreated nearly .382 % from the Aug 2020 to April 2021 range. 2. There is a Harmonic Butterfly setup forming as well as an ABCD pattern. 3. Margins should expand for the company due to the under supplied DRAM market 4 MU's earning period ends this month and they report at the end of June. 5. Harmonic Butterfly patterns may extend as much as1.618% which is marked as the bottom of the reversal zone. I would not be in a hurry to jump on this trade, Pay attention to the broad markets especially the TECH sector sentiment. Let it get a head of stream which is why my entry is above current levels AS always D(o)Y(our)O(wn)D(ue)D(iligence) S.
NASDAQ:MU
by Steve666
4
Trading Idea - Micron TechnologyBUY ENTRY: 87.72 USD TARGET: 95.51 USD (+9%) STOP: 83.16 USD 1.) rejection at the uptrend support level. uptrend continuation. 2.) retest of the resistance level expected 3.) The profit margins achieved by the company are among the highest of any listed company. The company's business is extremely profitable. 4.) The company's financial situation is excellent, which gives it considerable investment capacity. 5.) Within the weekly observation period, an upward trend can be seen above the support zone at USD 64.19.
NASDAQ:MULong
by Traderherz-Analytics
Micron Oversold After Testing Dotcom HighsMicron Technology has stalled after a big rally. Is it time to buy the dip? The first pattern on the memory-chip maker’s chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that pullback alone is interesting. Next is a trend line running along the lows of January 27 and March 25. It held that line last week. Third, consider the $96.96 level where MU peaked on April 12. That was its highest level since July 2000, when the stock hit a record price of $97.50. It’s not a surprise to see the shares pause around that old resistance – especially because it’s also near the $100 mark. Overall, MU is a conventional macro/momentum story. It’s roughly doubled since the summer lows but has always been viewed as a highly cyclical chip play. Earnings have been strong for several quarters and it now has the added catalyst of automotive demand increasing. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:MU
by TradeStation