MU trade ideas
$MUSo over the last quarter.
Only 1 analyst has maintained a "Strong Sell" opinion on this.
Only 2 are "Moderate Buy"
The remiaining 19 are "STRONG BUY".
Whatever that holds in value for you.
Placing more longsGood to see MU falls to support line once more. Adding a little bit amount of shares at this moment and will add more on 44.8 level.
MU Long, Using "MM_SMA_Swing" to find trading opportunity Add "MM_SMA_Swing" with input: Show SMA(50), Dev (1%)
Add EMA(144)
Draw trend lines, Verify the price action:
1. Wedge breakout to up side,
2. Pull back to re-test the trend line
Entry: 47
Stop: 45; when trend line break, also Below EMA144 and SMA50
Target1: 53; risk/reward=1:3
Target2: 58; risk/reward=1:5
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
MU. Breakout before end of June4HR MACD looks promising. The squeeze is forming and its validated by the bounces off of the trendline wedge support and rejections at $49 area. I'm expecting a breakout to $52.50 with a small retracement back to $50 then continuous growth to $55 by first week of July.
MU keeps getting rejectedEspecially as it keeps getting rejected from a breakout at this critical level I wonder if we might see MU make at least a moderate leg down (and possibly even a large one).
$MU revised targets for Micron
Possible long entry above $51
target at resistance at approx $54.50
Multiple upgrades to follow today after the company raised guidance yesterday ,
the SMH has retreated this week so this may bring some love back to that sector.
$MU - Ascending triangle breakout- Potential target $58If $MU's price stays above $50 then there is a good potential for it to reach back to high 50 area. Potential target is $58. Stop loss can be set at 50SMA.
MU CALL this is my view for MU stock next week. An instant call position will be executed this monday.
Blast Off! Chart looks fantastic.
PMO, MACD, RSI & STOCHASTIC look bullish.
Blowout Earnings coming within weeks.
Looking for Micron to trade up to its old time highs of around $61.00
Long!
Micron (MU) jumps 6% in 6 minMy jaw is still on the floor. This stock looked like it was sunk after a rough week or so. Next thing I know it blows straight though my limit orders! Ah, the stock market is a wild and crazy guy (outdated SNL reference).
Micron Technology: Tight Flag as 50-day SMA Turns HigherMicron Technology has staggered since the market crashed in February and March. The chip stock is very sensitive to the economy because of its reliance on the cyclical memory-chip market.
If the global shutdowns continue, MU faces the risk of falling orders and prices. But if things recover, it controls a valuable corner of a strategically key industry.
This feast-or-famine scenario has played out on the chart as MU hugs $45. That level was important in mid-2019 and again last December. The 50-day simple moving average (SMA) also turned positive last week.
MU has a formed a mini-downtrend / bullish flag in the last month that now has breakout potential. With optimism about the economy spreading, buyers may get more active if $45 holds and resistance around $47 breaks.
Potential day trade tomorrow On the 5 min, MU appears to have broken support and is now oversold. Potential bounce.
Tradig Chanel MUHuge resistance at the 60 line, huge support at the 32.5 line ,has bounced hard the last sell off December 2018 march 2020, Im just traiding the Chanel $41.50 - $50 . so far good profitable strategy. looking for volume on leg down under 41 or break above 50. Until no news on dram spot pricing I´ll continue to trade it, until I see more clarity on the DRAM NAND prices.
