MU Bullish and OversoldMU has been trading at or above its 100 day moving average since the very end of January. Looking at RSI (2 period, 90% and 10% upper/lower bands) MU starting to touch the lower band. On 2/11, RSI hit 23.88%. Stock moved up nicely the following days as RSI started to hit the upper band. Although RSI is showing a lower oversold indication compared to the most previous two point around 23.88% and 21%ish, bulls may still be in charge and drive the stock price back up to continue the trend. Long 40 MU @ $40.70. Plan to exit somewhere around 42 in the next 4 to 7 trading days, give or take. Cheers ! Longby RickOldboyUpdated 1
MU - RSI on the downhill- bearish biasMoving sideways in a box without determining which direction to go Sell volume bars outnumbered buy volume bars during this consolidation/distribution phase But one thing stands out to me is that the RSI is running downhill Outlook: Bearish biasby duyca17Published 2
SOLD 3 MILLION SHARES. $25 MILLION PROFITWE WERE AND STILL ARE BULLISH ON MICRON BUT... OUR AVERAGE COST WAS DOWN TO AROUND $30.77 AFTER LOWERING OUR COST FROM THE HIGHER PRICES WE PAID, UPWARDS OF $59 A SHARE THE STOCK WENT UP OVER 10 POINTS WITHIN A SHORT PERIOD OF TIME NOW, THE NEGATIVITY RETURNS TO THE CHIP SECTOR FROM DOGS LIKE NVIDIA...WE MENTIONED IN A PREVIOUS POST NVIDIA WAS A BUBBLE AND NOW OUR POST IS COMING TO LIGHT NVIDIA HAS LOWERED REVENUE HOW MANY QTR'S NOW? WE WERE RIGHT WHEN WE POSTED NIVIDA WAS OVER PRICED AND WE ARE STILL RIGHT TODAY! WE CLOSED OUR ENTIRE MICRON POSITION SELLING 3 MILLION SHARES AVERAGE COST: $30.77 PROFIT: $25.5 MILLION WE STILL FEEL MICRON WILL TRADE UPWARDS OF $100 IF YOU HOLD THE STOCK FOR THE LONGER TERM AS FOR THE BUYOUT, WE WOULD LOVE THE WESTERN DIGITAL / MICRON MERGER RUMOR THAT WE HEARD ABOUT COME TO LIGHT, THAT WOULD BE ONE AMAZING COMPANY COMBINED! BEST OF LUCK TO THE LONGS! BULLS MAKE MONEY, BEARS MAKE MONEY, PIGS GET SLAUGHTERED! - DON'T BE GREEDYby UnknownUnicorn3159981Published 223
MICRON $43 still in play!NASDAQ:MU - increasing volume - fib.618 magnet - strong market sentiment levelLongby traderjoeschmoPublished 1
MU micron Short at 41.35 targeting 30 again Simply its overbought ... suggestion is to take short positions if reached 41.35 on Monday or Tuesday then the target will be region of 30s by mid of march or later. at long term MU $micron is good stock to carry on with long target between 47 and 50 but after make new support or new leg higher than the previous lows in December 2018 .. for now we will carry short positions till indicators showing good levels for new entry and we can see now most of indicators reached overbought status and can be dropped hardly during this week or week after.. Shortby WinnerTrader99Updated 3
MU Upside Reversal in ProgressOver the past month, we've been observing some bullish reversal price actions playing out well and we've been monitorin it closely on our watchlist. Finally, last trading session, we've seen that buyers have managed to break through key resistance at $40. As such, we can expect to see further upside to $45 or to $50 where some profit taking can happen again...Longby Ian15Published 0