MU ascending triangle!Simple analysis:
If the ascending triangle is broken, with everything being normal, the price could reach the target.
MU trade ideas
MU Going Up for A Couple of Weeks64 is an important support level for MU. This has acted as a resistance level during the peaks of Nov 2022 and Jan, Apr and May 2023. Most recently, MU had tested this level in end Sept and bounced from it.
MU is also in a symmetrical triangle formation.
A bullish harami formed on 27 October.
MU should go up to at least 72 where there is another resistance level.
Is Micron Losing its Mojo?Micron Technology has steadily climbed this year, but now there could be signs of exhaustion.
The first pattern on today’s chart is the rising trendline along the lows of December, March, August and September. Prices have pushed back toward this support, which may suggest it’s getting ready to break.
Next is the falling resistance that began in mid-September. This creates a triangle when combined with the rising trendline, which is a potential reversal pattern.
Third, MU rallied above its Tuesday high on Wednesday before rolling over. The result was a bearish outside day -- another potential reversal pattern.
Fourth, the outside candle spanned the 50- and 100-day simple moving average (SMAs). It also touched the 8- and 21-day exponential moving average (EMAs). That may suggest it’s become neutral over multiple time frames. Could a new direction begin?
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$MU NASDAQ:MU 1W
Ready to move up Bullish.I think it is starting of 5.Wave 1-5 completed and it is working on wave 2-5 .Wave 3-5 will start soon ...
MU Micron Technology Options Ahead of EarningsIf you haven't bought MU here:
Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.37.
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.
Earnings JournalAT A GLANCE
Simplistic Analysis: swing back to the lower channel line.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues
earnings confidence on a scale of 1-5: 2
Micron Technology Inc. ⚡I'm long in this because:
we broke the looooOOOoooonnng tren line
price > all SMAs and EMAs
if the FED doesn't raise interest rates in a few days I see the bulls lurking aroung the corner till the end of this year
Micron Tech forming a flag?MU is very interesting to me at the moment, it's currently formed a flag and as you can see in the chart we have had a steady up trend across the board in both price, RSI and MACD.
You could argue MACD has already broken out of a triangle type formation to the upside even.
The risk-to-reward ratio is quite good, you can place a trade with a stop loss just under the flag and it gives you almost a 9:1 RR. With a more liberal stop loss, you are still
looking at an R:R of almost 3:1.
The main concern here is if the tech sector start lagging in general, this could easily lag with it. Which is why I am inclined to buy the breakout and not the flag formation.
Cheers
MU Micron in a good momentum to break resistance VPA shows a huge accumulation area, ascending wedge upwards, breaking resistance at 64-65, first time to see price not immediately gapping down. I believe a good place to take a Long position for one good push before we get into some form of stagflation.
MU offers 15% - 20% ROI opportunities Micron Technology Inc. (MU) in a two-sided framework, capable of contain buying and selling pressures on a weekly basis.
If (MU) were able to close above the resistance of this framework on a weekly basis, this would elicit a buy-signal where gains of 20% would be anticipated over the following 2 - 3 months.
Inversely, if a weekly settlement below the support of this framework occurred on a weekly basis, (MU) would be susceptible to losses of 15 - 20% over the following 1 - 2 months.
Long Picks 8/30My favourite Long Ideas for today and into the future Until prixe stays above the Green TrapZone.
Picks are based on the momentum, volume and price action.
MU triangle reteston 23/8 NVDA got earnings release after market close.
Last time it effected MU , made here GAP UP 4.8% . from 66.5->69.5.
now we got a triangle pattern on weekly chart MU -> a potential 2 to 1 profit .
MU - Quick Chart ReadHowdy Traders!
This is a super quick chart reading. NASDAQ:MU has created a parallel channel. The channel is bullish, and the stock broke-out to the bullish side, confirming that. The price target for this trade is $70.05.
Bona Fortuna!
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.
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
MU buyMicron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand.
MU has formed a very nice base and is breaking outCall it what you want, double bottom, triple bottom, possible cup and handle... Resistance has now turned into support. Now the question is, how impulsive will this rally be, or are we going to consolidate further during the summer and create a handle?
The measured move of the triangle/double bottom hasn't been reached which leads me to think this might become a cup and handle pattern in the weeks/months to come. But who knows, we could also go straight up from here.
I will be willing to add shares to my long position on Micron in the low 60s. 62-63$ would be a good place to buy more shares if the stock has a correction this summer. There is a macro 2.618 fib level at around 59.20 on the log scale but it has already been consolidated on and backtested as support. There is a chance we might revisit it this summer, but we could also make a higher low a couple of dollars higher.
On the monthly timeframe there is some interesting stuff to note:
The 62-63 dollar level coincides with a macro trendline and the bottom of the weekly EMA ribbon. The top of this ribbon is at around 68$ which is our support right now. If we overshoot the 62-63 dollar level to the downside, I expect 59$ to hold. If it doesn't then we could go as low as 44$ but I do not think this is the most likely scenario.
Keep in mind this is a long term swing trade/investment idea. I don't scalp or do options/leverage trading. I try to buy good companies for the long run when they are undervalued by the markets.
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 $1.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MuBuilding a base on top of a large considlation breakout. Don’t be alarmed keep buying 63-64. This is setting up for a huge move up could still take a week but time to load up good averge
Micron Technology ($MU) ShortBig call seller on Micron Technologies NASDAQ:MU of the 7/21 68C 16,000x. Large volume on the daily candle on the underlying. Support is 64-65 but the bet is that it stays below 68 these next few weeks to collect full premium $
resistance = support pattern on MU 🔥trying to hold strong trend support, grey zone was resistance for 6 months then flipped to support recently 👀 this setups always bullish I doubt we go much lower 💯
break of local trend resistance/66.76 and we should see a nice rally.. PT 1: 74.24 PT 2: 81+🚀
boost and follow for more.. thanks ❤
Micron Ahead of Earnings (Both Arguments Charted Out)I provide you both sides of the argument.
Goodluck. M or Cup and Handle?
Bear or Bull?
Economy healing or double-dip incoming?
Your choice, but be pragmatic and risk averse.
MU long positionOn the chart we can see that the price is respecting the downsloping support.
We got one fakeout to the upside but eventually the price came back into the formation.
It the support holds, we expect that the price will break the resistance and then we should see an impulsive move to the upside.
We can entry long once the price breaks above the resistance . To avoid trading the fakeout, look for a volume increase.
Approx. target is shown on the chart.
