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MICRON TECHNOLOGY INCMICRON TECHNOLOGY INCMICRON TECHNOLOGY INC

MICRON TECHNOLOGY INC

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MU trade ideas

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