$MU with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $MU after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
MU trade ideas
MU Likes Double Tops MU has shown some great double tops and here are three examples, each with their own red arrow
I expect price to retract to the strong trend line , rather than form a support at the previous double top line.
Just a small breakdown but one to be noted.
Micron Technology: Short Under 57$I'm planning a short trade on Micron ( NASDAQ:MU ) for 1 week.
The idea after the first "signal" obtained last monday was to see a retraicemente and then a new trigger. Better to trade beyond 57$.
Then today I have one of my fovourite trigger, thanks @ArduinoSchenato
I'll buy some Turbo24 short certificates by IG.com. Target is 53$.
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ITA
Ho pianificato il un trade short su Micron già da una settimana.
L'idea dopo un primo segnale avvenuto lo scorso lunedì era proprio quella di vedere un recupero e un nuovo segnale, meglio se con chiusura sotto i 57$.
Oggi quindi il prezzo mostra quanto avevo pianificato con uno dei migliori trigger che uso sull'azionario. Thanks @ArduinoSchenato .
Domani quindi potrei tradare short questo titolo, attraverso l'acquisto di certificati Turbo24 di IG.com. L'oiettivo è la zona 53$.
Take-Off for Micron Technology📈
above all moving averages
has just broken through the decending trendline
bullish seasonality
Expecting the price to rise in the next weeks and months.
RectanglePrice appears to be in a horizontal trading channel.
2 touches to the bottom line and 4 touches to the top line.
This is a neutral pattern until broken.
No recommendation
micronI see double top pattern on MU at 64.8s level. After strong bounce from it 200MA I assume it could retouch that level. I am waiting until see touch.
Overhead Supply on the 1-hour chart for Micron?Pretty sure those that bought higher are now going to be looking for a way out here on Micron. $NVDA earnings and recent downgrades in the industry should prove to be enough.
$MU Trade Idea - Wedge breakout on the week with a hammer $MU Trade Idea - Wedge breakout on the week with a hammer
Calls over $58.57
Targets: $59.66, $61.38, $63.10(Gap fill)
Puts under $56.76
Targets $56.36, $55.28, 54.71(Gap fill)
NASDAQ:MU
$MU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MU after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Micron Tops & BottomsAs the title indicates, here are the tops and bottoms for Micron on the Daily time frame. Micron kind of trades like a commodity, lots of chatter going around about the memory chip market bottoming. Micron earnings don't look great in the near term, however, they have solid fundamentals like cash flow, a dividend, and a big market share.
I expect the recent double bottom to play out as the auto-pattern recognition thing indicates. I say this because I like $80 as a price target and I've even called the same price target last year and nearly pinned it to the dollar. Not saying i'm a chart genius maybe it's just Micron is not hard to read from a technical standpoint. It's strong fundamentals leave you with a stock that has a lot of potential and margin for loss is fairly low.
I saw buy for the long term.
A Technical Analysis on Micron Technology I did a week ago This was an idea I did more than a week ago about Micron Technology .
So far so good. I think after that textbook double bottom we are in for testing the high and see whether it will act as a resistance or are we going for the 60-70$ level.
The fundamentals look okay, the company is heavily investing in R&D, so the outlook for 2023 is bright.
I would love to hear your thoughts. What do you think about the trade?
Micro Technology (MU) Short Idea! Micron Technology (MU) short-sell potential:
Micron is under pressure today, trading down 4.70% after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. Micron's results were impacted by declining demand for electronics, and the company announced it will cut about 10% of its workforce.
Price action has been trending to the downside, following a couple of double top formations playing out technically. Most recently, a neckline breach around $50.55, watch for a retest, ahead of further potential selling. Targets eyed at $38.55.
MU earnings missMicron Technology (MU) reported Q1 November 2022 earnings loss of -$0.04 per share on revenue of $4.1 billion. The consensus estimate was a loss of -$0.01 per share on revenue of $4.2 billion. Revenue fell 46.9% compared to the same quarter a year ago. The company said it expects a second quarter loss of -$0.72 to -$0.52 per share on revenue of $3.6 billion to $4 billion. Here's MU levels on the 4hr ext chart:
SMA20 Triangular Trend Channel:
top = $56.53
R3 = $55.24
R2 = $53.96
R1 = $52.67
pivot = $51.39
S1 = $50.10
S2 = $48.82
S3 = $47.53
bottom = $46.25
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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7pt Trading compass:
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Trend, patterns, momentum
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Micron Announces Layoffs for 2023; Sales Could Dive 50%Semiconductor company Micron Technology (MU) just announced it will cut 10% of its workforce in 2023 as it braces for revenue to drop more than 50%. Micron's revenue is not the only thing at risk of dropping next year though -- its stock price could be starting what may ultimately end up being a years-long descent.
The above yearly chart (also reproduced below) shows that Micron's price was rejected at a major resistance level.
The Stochastic RSI shows that yearly momentum is beginning to roll over from overextended levels. This is quite bearish looking.
The combination of Micron's price being rejected from a major resistance level and momentum rolling over on the yearly chart could signify that Micron is entering a period of prolonged decline.
This trend, however, is not unique to Micron. In one of my prior posts, I explain that the entire S&P 500 is at risk of further decline. (See below post for more details)
Yet, not all hope is lost. On the quarterly timeframe, Micron's price is potentially forming bullish reversal candles at the mean of its regression channel.
For those who are unfamiliar with a regression channel, it simply indicates how far above or below the mean (or average) price an asset's current price is trading. In the regression channel above, the red line is the mean price, the upper channel line is 2 standard deviations above the mean, and the lower channel line is 2 standard deviations below the mean. Unlike trendlines, price can rise above or fall below the regression channel lines and not invalidate them.
If Micron's price can find support and reverse at the mean, perhaps the long-term upward trend will continue.
Of note, Micron's price is also generally quite correlated with that of Bitcoin, as shown below.
What might Micron's nosediving revenue prediction mean for Bitcoin?
a semi worth watchingwith micron reporting today, and the semiconductor industry technically poised to bounce, if tech starts to back track on the bears stuff like this should lead the bull snap back.
Buy MicronToday micron trade around P/B ~1x, if look back for over 10 years, P/B 1x is the Lowest Price for Micron
Why P/B ?
-
because of Micron is a cyclical business their product(DRAM, NAND) price are sensitive to demand and supply
a lot of CAPEX have to put in business and its show up in PP&E so Book Value of company is real
Business
Micron is in an oligopoly market with other 2 major competitors namely Samsung and SK Hynix
Micron have market share around 25% for a long time and I think its gonna hold like this
Demand for DRAM and NAND is still growing because every electronic device need memory, Phone, laptops, Data center, Autonomous car even AR/VR that Meta building.
So... now is a good opportunity to buy good company in 50% discount.
*A lot of super investors is buying as well*
#MU to 75$?Hello dear Traders,
Here is my idea for #MU
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
MU weekly bearish hammer Order SELL MU NASDAQ.NMS Stop 50.17 LMT 50.17 will be automatically canceled at 20230401 01:00:00 EST
MU weekly bearish hammer followed by indecision. We broke monthly uptrend, so why don't go lower?
$MU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 76.9%.
technical analysis of MUplan on micron
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
MU, $40.00 Price TargetShould Micron follow through, I'm anticipating a test of the $40 handle in the coming weeks.
I've indicated the ideal entry, stop loss and target on the analyzed chart image for your reference.
MU Micron Technology Options Ahead Of EarningsLooking at the MU Micron Technology options chain, i would buy the $50 strike price Calls with
2022-10-21 expiration date for about
$2.81 premium.
Looking forward to read your opinion about it.
