MICRON PRICE TARGET $50DESPITE RECENT VOLATILITY, MICRON HAS HELD CHANNEL SUPPORT, THUS WE SEE $50 AS A GOOD PRICE TARGET TO AIM FOR AS LONG AS THE MARKET STABILITY CONTINUES.
MTE trade ideas
MU- Micron Technology shares bounced back up 3.52%MU- Micron Technology shares bounced back from the long term price channel around 42.00 and reentered the long term price channel in today's session. Share prices gapped up in today's trading session and held on to its gains above 44.20 from the time of reporting up 3.52%. Share prices have the potential to continue to the upside if it remains within the price channel indicated on the chart.
i see a similar pattern in all semiconductors - MICRON Ucheck it out for yourself
be patient, enter at the right spot with lots of ammo
MU Professional Trader ActivityMU frequently is on Retail Guru recommendation lists. This triggers Professional Trader activity. MU action is often led by Professional Traders’ setups, and at times these trigger High Frequency Trader action ahead of market open.
Micron shares trade higher currently up by 3.3%NASDAQ Led semiconductor - Micron shares trade higher on Monday session currently up by 3.35% after the restriction of US semi suppliers were lifted allowing the company to continue its trades with Chinese telecom Huawei.
Micron share prices gapped up during Monday opening trades and broke through a long term resistance trend line which is highlighted on the price chart above.
Micron share prices could continue its uptrend if it remains within the price channel with an estimated price range from 46.42 to 49.75
Is Micron a long-term value option?NASDAQ:MU seems to be poised to be a potential long-term value pick. The financials suggest that it is below it's intrinsic value, and with their clients like NASDAQ:AAPL looking to make big moves, it may bring Micron along for the ride. While this stock has seen some very volatile swings, if you stick it out for the long haul, it is likely to pay off!
Micron bouncing back into an uptrendI made a sizeable amount from MU last month, but it was pretty clear at the beginning of August that we were going to have a choppy first week so I liquidated all unprofitable and took profit on volatile equity positions and held on to bonds. I'm slowly starting to buy back into stocks and equity ETFs again, and MU is definitely pulling back into their great uptrend again.
If you look at the moving averages, the price over the prior weeks has bounced off the 200 day moving average after barely breaking down below the 50 day. It's now sky rocketing through the 10 day average and flashing that it will go over the 20 day and pull the 10 day up with it. RSI, MACD, and ADX are all indicating the the price trends are reversing back to bullish. Rate of change is flashing bullish again and showing that the macro-reaction to the trade war drama is a temporary setback for this promising firm.
MU H&S for SummerMU is a clear tech short for summer. Consistently missed on earnings, and a kind of messy H&S pattern. Might be a potboiler, but the skewed H&S leads to an obvious support level of 27 (our target), which in turn means an entry at 39 (market) allows a generous $3 (7.7%) stop. Obviously a small size trade.
Only an earnings surprise on Jun 21 could upset this trade, so we may get out before then.
SHOT $MU IF BREAK 40.7 TARGET WILL BE 36 BEARISH SIGNALS RSI is about to break down the support also candlesticks during latest bounce were more dojis without good bounce volume . we can see MFI is keep decline . Possibility to bounce again to 44 then drop to break 40.7 latest bottom and fill up the gap at 36
$MU Expecting bounce from 41.3 - 40.6As market collapse we can see MU corrected most of its indicators . Still not confirming a bounce but we can wait and see the reaction near the support of 41.3 if broken then 40.6 which should have some bounce here to 44
$MU: ABCD completion $MU reversing off an ABCD completion into a lower high 50% retracement off the 2018 highs. If the trend line support near $36 does not hold, the implication is a stretch downside target closer to $12. I just do not see how with US chip stocks are stay at elevated levels when smartphones are not moving and memory prices are crashing...
MU to jump here if history repeats itselfI think MU will jump up like it did last time we hit this upper channel line.
THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
MU Gap Fill forming H& S watch for possible short after gap fillMU Gap Fill forming H& S watch for possible short after gap fill at 47.35
