MICRON. Down to 49 ot 50 then ATH 654Micron. My latest update after a deep to 49 or 50 hopefully not lower, an ath high of 654 will happen. It may take a while but its coming. KINGS IDEAS.
MU trade ideas
Micron Technology - The perfect chart!NASDAQ:MU is one of these stocks, which just respects every level, cycle and structure.
If I would give each chart an individual rating, the chart of Micron Technology would be 10 out of 10. Micron Technology is actually respecting every structure level and providing textbook trading opportunities. If we get a retest of the previous all time high, which is now turned support and perfectly lining up with the support of the rising channel, I will certainly look for longs.
Levels to watch: $90
Keep your long term vision,
Philip - BasicTrading
71-78 area looks good for a reset and consolidate here 100This has been a good stock fundamentally, and catalyst is not often giving it the credit it deserves; I am closely monitoring a reversal, but oscillators are not sold on the idea of not curving as quickly, 4th time it has hit the support line could break this area into the 70s region before we find a solid area of buying pressure also volume is high between the gap that needs to fill from 90-103 this is our target area. Already oversold, continue to wait for confirmation. Do foresee the moving averages crossing over at some point.
Target price 49The Bearish pattern is sitting at the bottom of the second leg at 88. It will deep lower to 49 in the next several weeks at least by Jan 30Th 2025.
Micron Technology (MU): Is a Big Move Just Around the Corner?Good morning, trading family!
Micron’s price has been moving between $92.90 resistance and $84.26 support, and it looks like a big move could be coming soon. Will we see a breakout to higher levels, or a pullback to retest support?
This is one of those setups where being patient and watching how the price reacts at these levels can really pay off. Stay ready, and let’s tackle this opportunity together!
Comment, like, follow, or send me a DM if you want a deeper analysis or more insights!
Kris/Mindbloome Exchange
Trade What You See
MU potential bounce off triple bottom.Semiconductors have been beaten down the last few months. MU is no exception. Look for a potential bounce off the triple bottom. Potential of 20% - 30% gain. Set tight S/L just below triple bottom. Keep a close eye next week 12/23 - 12/27.
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
EARNINGS GAP UPTargets 108, 114. Very strong clear support and resistance here has been coiling at the 50 rsi daily level for a while in anticipation.
5-11% move minimum. 77% expected to beat I'm sure this will run up before Wednesday its to obvious of a setup then a strong AH move up followed by a potentially bloody Thursday ill take large profits before earnings release not taking the chance.
Weekly 50MA directly overhead.
Micron Technology (MU) Stock Drops 16%Micron Technology (MU) Stock Drops 16%
On Wednesday, Micron Technology released its quarterly earnings report after the main trading session closed. The results aligned closely with analysts' expectations: earnings per share came in at $1.79, slightly above the forecast of $1.76, while revenue met projections at $8.71 billion.
Despite meeting estimates, the chipmaker issued a disappointing forecast for the next quarter, citing weak demand for personal computers (PCs) and smartphones. This overshadowed positive projections for the growth of the artificial intelligence (AI) chip market. Morningstar analyst William Kerwin warned of a potential "significant decline" in revenue from chips used in smartphones and PCs in 2025, driven by challenging market conditions.
As a result, Micron Technology's stock opened Thursday's session with a significant bearish gap and continued to slide throughout the day, closing 16% lower than Wednesday's closing price.
The chart of Micron Technology shares reveals bearish signals, as the price has broken below the support line of the long-term upward channel defined by key reversal points.
Currently, the stock is hovering around the $85.50 support level, which successfully halted the bearish momentum in August and September. However, with market sentiment dampened by Jerome Powell’s cautious comments about the pace of rate cuts in 2025, MU shares may face further downside. If this happens, the downward channel (highlighted in red) could become the dominant trend.
Analysts remain optimistic despite recent developments. According to TipRanks:
→ 23 out of 24 analysts recommend buying MU stock.
→ The average 12-month price target is $153.05.
That said, if the stock continues to deviate from the blue upward channel, analysts may adjust their price targets downwards to reflect the changing outlook.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Micron ... MU trade ideas Pt.3Dont take too kindly to the levels themselves...just notice the line bunching and realise those are from trends that go back from 1990's/early 2000 to recently, a few months ago...
Micron...MU ideas on levels pt 2Nothing crazy here...just some ideas on levels...kinda done quickly...but worth a few seconds...
Micron MU trading ideas pt. 1Nothing crazy here...just some ideas on levels...kinda done quickly...but worth a few seconds...
Micron technology - MU - Long idea - dont miss itDear traders,
#MU is forming a bullish flag, buying now is a good option as price has already corrected up to an interesting level (100$). Today is the quaterly earnings and it is actually expected to beat the expectactions.
I would recomend a fist target around 150 dollars and then cut half of position an look for other opportunities, such us #ADBE
Best,
MU Breakout Coming or Another RejectionNASDAQ:MU This is looking like it could go with earnings. If there is some good news MU could break through this Golden Zone and head back to ATH. If we get another Rejection at the bottom of that Zone. We could be heading back down. Either way chart looks good for a play.
MU MU is following pattern like AVGO, if earnings will be good and it follows same pattern. we may see 130+
Micron Technology - This Stock Will Double Soon!Micron Technology ( NASDAQ:MU ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
After we saw a test of the resistance trendline on Micron Technology a couple of months ago, it was quite likely that we will eventually retest the previous all time high. This structure is now acting as massive support and together with the rising trendline, we will see a bullish rejection.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Micron (MU) is Heating Up! Breakout at $114.52 and Soar UP Key Levels to Watch:
Breakout Level: $114.52
Retracement Target: $122
Major Resistance Levels:
First Target: $140
Final Target: $170
What to Expect:
If MU can break and close above $114.52, we could see a retracement to $122, creating a solid base for the next leg up. Once it clears $140, the path to $170 becomes much clearer. This level will be critical for the bulls, and if it’s breached, MU could be in for an exciting run!
Kris/ Mindbloome Exchange
Trade What You See
Swig trade on MicronMicron looks to be setting up for a nice swing trade. The chart also shows a double bottom and price potentially goes back to 106 lvl. This is one of the few semi stocks that has great fundamentals but has not really given stock gains. Hence a good pick. A good swing trade but also a good long term hold. In summary this is an undervalued stock and from technicals perspective setting up for a bounce.
MU is ready for a quick bounce here.Support and Resistance:
The stock has recently tested and held a strong support level, suggesting buyers are stepping in at this critical zone.
Initial resistance lies ahead, which could act as a short-term target if the bounce gains momentum.
Trend and Moving Averages:
Although the broader trend has been neutral to slightly bearish, recent price action suggests the potential for a reversal.
Moving averages are starting to converge, with shorter-term averages flattening out, signaling reduced downward pressure.
Volume:
Volume spikes near support indicate accumulation, with buyers showing renewed interest at current levels.
Indicators:
RSI has bounced from oversold territory and is trending upward, confirming a potential shift in momentum.
MACD is showing signs of a bullish crossover, further indicating a possible move higher in the near term.
Reversal and Bounce Setup:
The stock’s ability to hold support and form higher intraday lows suggests it is positioned for a bounce. A break above resistance could trigger further upside and validate the recovery.
