MUmu has received a weekly purchase request, taking into account not breaking the expected target area, area 130
MU trade ideas
MU Bear Flag Before Earnings MU has a nice bear flag here going into earnings. It's been a strong name and it exploded after the last earnings. I see a bearish pattern, but that's not always useful when it comes to earnings. Important to watch moving forward.
Come on Micron!! MU Daily Trading Analysis. MU – Fridays close erased all of Wednesday’s gains ending the day down 3.82% (-1 ATR) with the most volume of the week. With 1M in premium on 6/12 132C, 133C & 135C I will look to take longs if 131 can hold.
*This is my opinion and is not financial advice. Please use due diligence before placing any trades*
MU - Two scenarios here MU bouncing on 50MA and anchored VWAP from the last wave.
Bounce here can be a possibility with upside target of 150.
Target 1 - 150
Stop loss - 120
We’ll revisit this later.
Micron Pulls BackMicron Technology has rallied as AI fuels demand for high-bandwidth memory, and some traders may see opportunities in its latest pullback.
The first pattern on today’s chart is the breakout to record highs on March 21 after results beat estimates. MU continued higher over the next three months before stalling and retracing half the rally. That could suggest its uptrend remains in effect.
Second, the chip stock bounced on Tuesday after forming a hammer candlestick on Monday. That may suggest its recent pullback is ending.
Third, the current price zone is near the highs from early April. Will old resistance become new support?
Next, the most recent slide could be viewed as an A-B-C correction pattern.
Fifth, MU is near its rising 50-day simple moving average. That may reflect a bullish intermediate-term trend.
Finally, stochastics have reached an oversold condition.
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MICRON GOING TO CONTINUE MARK UP
Continuing from my previous analysis of Micron (Refer to the link below)
i noticed the spring which formed @ 31/5/2024
Spring in an uptrend, is a very strong indicator in wyckoff methode
Plus, the depth of penetration was just a 'fine penetration' in which exactly suit the characteristic of A Genuine Spring
With that informations, i added position @ $128 today
Pure Wyckoff
MU: A Dangerous Inflection Point! (D&W charts).Daily Chart:
On the daily chart, MU is trading within an ascending channel, a bullish indicator suggesting an uptrend continuation. The recent price action has tested the lower boundary of this channel, around 133.30, a critical support level that was a previous resistance, as evidenced by the red arrows – another example of the Principle of Polarity. The price rebounded from this support, highlighting its significance.
A sustained move above this level could push the stock higher within the channel, potentially targeting the recent highs around 157.41. The only thing missing is a clear bottom signal (there isn't any so far). However, a break below 133.30 could signal a potential shift in trend, leading to a deeper correction in the weekly chart.
Weekly Chart:
In the weekly chart, a shooting star pattern is observed, a bearish reversal signal that often appears at the top of an uptrend. This pattern indicates a potential top, especially if followed by a bearish confirmation in the subsequent weeks.
The current weekly close below the low of the shooting star reinforces the possibility of a correction (however, this week isn’t over yet). If the price continues to decline, the next significant support level to watch is the 21-week EMA, which has previously acted as a dynamic support.
Conclusion:
Integrating both time frames, MU is at a crucial juncture. The daily ascending channel suggests a bullish bias, but the weekly shooting star pattern warns of a potential correction.
If the price holds above the key support of 133.30 on the daily chart, it could resume its upward trajectory within the channel. However, failure to maintain this level might lead to further downside, aligning with the bearish implications of the weekly shooting star.
Fow now, we should monitor these levels closely to gauge the stock's next move, balancing the bullish potential of the ascending channel with the caution warranted by the shooting star pattern.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Micron Technology pre earnings action and post earnings levels.Please note that this is not financial advice but merely my personal opinion. I encourage you to conduct your own research.
As Micron's earnings report approaches, market sentiment appears bullish, suggesting a potential rally that could push the stock price toward the $150 zone. This anticipation is likely fueled by expectations of strong demand for memory products, improvements in supply chain conditions, and overall positive trends in the semiconductor industry.
Post-earnings, Micron's stock could experience two possible outcomes:
Positive Earnings Outcome: If Micron reports strong earnings, surpassing market expectations, the stock price could surge by 10-15%. Factors contributing to positive results might include higher-than-expected sales, effective cost management, and robust future guidance. This would reinforce investor confidence and drive the stock higher.
Negative Earnings Outcome: Conversely, if Micron's earnings fall short of expectations, the stock could decline by around 15%. Potential causes for disappointing results could include weaker demand, pricing pressures, supply chain disruptions, or unfavorable guidance. This outcome would likely erode investor confidence and lead to a significant drop in the stock price.
In summary, while there is optimism about a pre-earnings rally toward the $150 mark, the actual post-earnings movement will heavily depend on Micron's financial performance and market reaction to the earnings report.
I'm looking to open my position tomorrow in the early trading hours, wish I had done it a week ago.
Trading MU - Bullish for Earnings WeekOn Monday I will be opening a Call position for Micron Technology.
Details:
-Strike Price: $142
-Exp Date: July 5, 2024
Why:
-MU will be release earnings on June 26th (AH) and I am very optimistic about it
-Last week’s sell-off was as necessary as it was temporary, giving me a discount on those calls
My targets:
-MU target price: $150 (currently at $140.04)
-Target return on Calls: 50% - 150%
-Stop Loss: 30%
MU Micron Technology Options Ahead of EarningsIf you haven`t bought the dip on MU:
nor calls ahead of the previous earnings:
Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2024-6-28,
for a premium of approximately $9.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Micron Technology, MU - Strong Chart & Lots of Room to RunSince the beginning of 2024 MU has nearly doubled in price, or actually from Mid December 2023 it has added 100% to it's share price to the current level. I looked at various timeframes including the 15 minute chart, 1 & 2 hour charts, as well as Daily, Weekly and Monthly charts and all of the charts had varying degrees of strength to indicate that the current trend should continue as long as the candles continue to trend above the 7 day ema.....
Some of its primary competitors include:
Intel Corporation (INTC): Intel is one of the largest semiconductor companies globally, known for its CPUs and other semiconductor products. P/E 32.27
Samsung Electronics (005930.KS): Samsung is a major player in various technology sectors, including semiconductors. It is known for its memory chips and other semiconductor products. P/E Ratio 18.50
Taiwan Semiconductor Manufacturing Company (TSMC) (2330.TW): TSMC is the world's largest dedicated semiconductor foundry, manufacturing chips for various companies including those in competition with Micron. P/E Ratio 33.36
SK Hynix (000660.KS): SK Hynix is a South Korean semiconductor supplier specializing in memory chips, NAND flash, and DRAM products. P/E Ratio 8.59
Comparing Micron Technology (P/E Ratio -26.50) to its top competitors involves assessing various aspects of their business operations, market position, and technological advancements.
Here are 15 key points where Micron may demonstrate strengths compared to its major competitors:
*Specialization in Memory Solutions: Micron focuses extensively on memory solutions, including DRAM and NAND flash, allowing deep expertise and specialized product development.
*Technological Advancements: Micron has invested in advanced semiconductor technologies, such as 3D NAND and DRAM innovations, maintaining competitiveness in performance and efficiency.
*Vertical Integration: Micron's vertical integration strategy includes owning and operating fabs (fabrication facilities), providing control over production processes and potentially reducing costs.
*Innovation in Storage Solutions: Micron has been at the forefront of developing storage solutions for data-intensive applications, catering to enterprise and cloud computing needs.
*Strategic Partnerships: Collaborations with industry leaders and strategic partners enhance Micron's market reach and facilitate joint development efforts in cutting-edge technologies.
*Strong Research and Development: Micron invests significantly in R&D to drive innovation and maintain a pipeline of new products, ensuring relevance in rapidly evolving markets.
*Global Presence and Manufacturing Capability: Micron operates manufacturing facilities globally, enabling efficient supply chain management and meeting diverse customer demands.
*Environmental Responsibility: Micron emphasizes sustainability in its operations, aiming for energy efficiency in manufacturing and minimizing environmental impact.
*Financial Stability and Performance: Micron's solid financial performance, including revenue growth and profitability, reflects its strong market position and operational efficiency.
*Customer-Centric Approach: Micron's focus on understanding customer needs and providing tailored solutions enhances customer satisfaction and loyalty.
*Quality and Reliability: Micron products are known for their quality and reliability, crucial in sectors requiring consistent performance and durability.
*Industry Leadership and Recognition: Micron's leadership in memory and storage technologies is recognized through industry awards, patents, and contributions to standards bodies.
*Employee Talent and Culture: Micron fosters a culture of innovation and attracts top talent in the semiconductor industry, driving creativity and problem-solving.
*Adaptability and Flexibility: Micron demonstrates agility in responding to market shifts and technological advancements, maintaining relevance amid industry changes.
*Long-Term Vision and Strategy: Micron's strategic planning focuses on long-term growth, sustainability, and resilience in the competitive semiconductor landscape.
These points illustrate various strengths that position Micron Technology favorably against its competitors, contributing to its market leadership and ongoing success in the semiconductor industry.
**** The one MAJOR drawback for MU is their PE Ratio at -26.5 as it indicates that the company is experiencing significant losses. So why then has MU been on a major run for the last 6 months? I believe it is because of their strategic partnerships.
Micron Technology has strategic partnerships with several companies across various sectors of the technology industry. Some notable strategic partnerships include:
1) Intel Corporation: Micron and Intel have a long-standing partnership, particularly in the development of non-volatile memory technologies such as 3D XPoint memory, which has been marketed under the Optane brand.
2) Sony Corporation: Micron collaborates with Sony in the development of memory solutions for gaming consoles and other consumer electronics products.
3) Achronix Semiconductor Corporation: Micron has a strategic partnership with Achronix Semiconductor to collaborate on the development of next-generation FPGA (Field-Programmable Gate Array) solutions.
4) Microsoft Corporation: Micron collaborates with Microsoft in various areas, including optimizing memory solutions for Microsoft's Azure cloud platform and other enterprise applications.
5) Qualcomm Incorporated: Micron has partnerships with Qualcomm in the development of memory solutions for mobile devices and other technologies.
6) Hewlett Packard Enterprise (HPE): Micron collaborates with HPE in optimizing memory and storage solutions for enterprise servers and data centers.
7) Seagate Technology: Micron and Seagate collaborate on storage technologies, including solid-state drives (SSDs), aimed at improving performance and reliability in data storage solutions.
8) NVIDIA Corporation: Micron partners with NVIDIA in providing memory solutions optimized for NVIDIA's GPUs (Graphics Processing Units), used extensively in gaming, AI, and data center applications.
These partnerships enable Micron Technology to leverage complementary strengths, jointly innovate on new technologies, and expand its market reach across different sectors of the semiconductor and technology industries.
MICRON POSSIBLY RESUME ITS MARK UPBased on Big Picture, currently micron is on going Mark Up Phase
i am interested in the recent price action (Black circle),
which shows contraction
Principle of contraction is one of the topic in which David described in-depth,
in his phenomenal wyckoffian book (Trade About To Happen)
Apart from that, i noticed the presence of SpringBoard (Blue Color)
As such, i initiated position last week (24/5/24)
Position as attached
Thus i stick to my original thesis of Micron (Refer my previous post)
Pure Wyckoff
MU Bullish TimeMicron Technology, Inc.
The most important resistances are 90.04$ , 94.07$ , and 98.45$
Break up those resistances then MU will be unstoppable
MU - Getting ready for a short entryMU appears to be forming a Bull Flag here but at the same time SEMIs getting weaker one by one with guidance down or earnings miss etc, I see a short opportunity with a less resistance to the downside.
Short once the bull flag fails
Traget#1 105
Target #2 100
Stop Loss - 124
MU - How I use multi-time frame algos for confirmation and tradeHere's a good example of utilizing LTF algos for confirmation of HTF moves.
MuMy go higher to touch the strong resistance it will go down not so far but it will go to touch the demand zone.
MUCup and handle on the daily.
CALLS CAN WORK OVER 130.
TRADE IDEA: 5/24 133C
*SEMICONDUCTOR STOCKS CAN MOVE HIGHER WITH NVDA TOMORROW.
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MicronMicron for the spit into the upper bounds of the bull Fibonacci channel. My target is sell $450. Advanced Micro Devices will outperform maybe, but good to watch them both
MU - Likely to go downReasons:
MU - Bearish rising triangle pattern
Already hit the C and H target and retreating
Supply zone tested twice
Resistance at 132 ()Swing 5:5
Weekly oversold
Daily nearly oversold
Micron Technology, Inc.I think its going in an impulse and may follow the counts depicted herewith.
Not a trade/investment idea. just a view and educational material.
Regards
pl follow
$MU Super performance candidateRS Rating of 98, Moving Averages in sequence of a firm uptrend, though I would prefer to see a Key volume day, prices and charts do not lie in relation of what institutions are willing to risk to their appetite. Indexes are stabilizing, making this stock an ideal candidate that NASDAQ:MU will grant performance on the upside
MU - False breakout for shortsGap up, looking for a false break on the monthly
I want to see us tap into the weekly stacked imbalance at $123.76 and then short it into the daily FVG targeting -2.5 std at $97.24
If we can invert that FVG and turn bearish, target SSL & std -4 at $83-70
