$MU | UPDATEChart looking really good so far on this breakout! Waiting for a possible retest to get me into a long swing position. Being patient here and hoping it pays off.
MU trade ideas
MU descending channel breakoutBreakout of a descending channel. Technical analysis would indicate the potential of a breakout the height of the introductory move of the channel (see below). Resistance levels to watch (see eyes) are going to be the areas that the channel has rejected breakout in the past: 75 (which we may be done with now), 82, and 85. I would also watch the 78-79 level when it hits the anchored VWAP from this channel it just escaped.
$MU | WEEKLY WATCHLIST 11/8Monthly cup and handle forming, this is a long-term view. Nice falling wedge breakout looking for upside from here.
Breaking through the resistance line in Micron TechnologyMicron Technology is a semiconductor manufacturer. It is primarily known for its DRAM modules, flash memory and SSD drives.
The price broke through the resistance line. In fact, the 5th ascending wave has begun. Within the 5-wave movement, the price should reach at least the top of the third wave, which is about 30 percent from the current levels.
Micron Technology also shows good economic results. Revenue is growing from quarter to quarter. The consensus price from analysts is $98 (above the third wave).
$MU vs $AMD part 2*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been covering $MU for the past few months. After consolidating in the $65-$75 range for the past couple of months we finally believe that $MU is ready to take its leap to go past $100.
$MU is a semiconductor company much like $AMD. With this being said investors should expect these two to uptrend similarly short-term along with other semiconductor companies this winter due to a chip production increase.
For long-term investors $AMD is the chip tyrant that will most likely dominate its competition, but that does not mean we can't still make money off $MU.
My team entered $MU at $72.92 per share at market-close on Friday. Our first take profit is set at $92 per share.
OUR ENTRY: $72.92
FIRST TAKE PROFIT: $92
2ND TAKE PROFIT: $103
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MU ending wave 4, 5 on the wayI believe MU is starting it's fifth wave, joining other semiconductors stocks in the uptrend.
Please do your own research. This is not financial advice. For education purposes only.
$T $AAL $MU $UBER I OptionsSwing WatchlistT 1D I T spent millions lobbying to get the infrastructure bill passed. It's network expansion plans will benefit from govt. subsidies. There is a bullish div on the RSI.
AAL 2H I AAL ended up breaking from our bull flag last week and made a 15%+ move from our entry, after finding support near $19. Expecting resistance on AAL near $22.
MU 1D I Micron is uniquely positions to speed up 5G across all parts of the spectrum. MU is currently testing the top of its bull flag. The stock average price target is $96.
UBER 2H I BUBER bounced right on our trend. After reporting earnings UBER ended up breaking out from the bull flag and making a 12%+ move from our entry.
$MU - Be patient and wait for key levels$MU consolidating at the highs failed to break and now seems to be approaching to key S/D area. I will be starting a position once $MU hits $65 and will be averaging all the way down to $62.
Micron close to a breakout enter long over 75$ .. Target ATH.
Cup and handle on yearly
Double bottom on weekly
Bull flag on daily
Check out my previous link on this stock
MU longMU broke out of down trend on all major time frames including the 2 hr, 4 hr and daily. Watch it run to 75.30 next then range into $80.
MU: Falling Wedge BreakoutMicron has been in a bearish wedge pattern since April. Price has broken out of the large resistance and I am expecting it to move much higher.
MU reversal + breakoutMU is reversing from its COVID March 2020 anchored VWAP. also forming a huge flag. I expect us to hit $74 then $82 when this breakout plays.
MU SpeculationI would expect MU to keep falling until it hits the fib retracement level. the fib level and bottom trend line intersect at the same spot which gives me a lot of confidence in the scenario.
Support becomes ResistanceChart patterns developing over a year have a much higher probability of follow-thru then their mid-term dated peers. After breaking below horizontal, the counter trend rally is closing in on descending trendline, which would indicate another fall to support at previous breakout.
Personal Opinion + TA = not investment advice
Best of Luck!
Micron Technology Inc. ($MU) Falling WedgeOn the Daily, Weekly & Monthly Timeframe Micron Technology is in a falling wedge. Should expect to see a breakout within the next 2 weeks to a month. Will be entering into some call positions when I see the volume starting to increase as well as a confirmation of the breakout through the resistance of the wedge.
$MU | WEEKLY WATCHLIST 10/25Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock.
We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand zone between $62-65, this will be my most ideal buy zone.
At $62-65, I will start averaging into a long term bullish position on MU. I believe with time and patience, this one will pay off big time and inevitably see $100+. Much like it's counterpart $AMD did.
Micron TechnologyIt looks like there may be a new support being made at the 50% retracement level of the previous low on the weekly which could be a good going forward for long term holders. If this new support is confirmed and that the previous high was broken, we could be patient enough for a retracement up to the previous anywhere between 38% to 61% respectively. I know the semiconductor situation hasn't been solved yet but things happen and I believe in this company enough to burn time charting.
$MU possible bear pathIf bottom is not in for 4 yet we could continue to flush down closer, possibly even kiss, the 50% retracement. This is why I stress to not take a trade until breakout
$MU - weekly lookPositive signs - Volume shelf (purple line), covid low avwap , and 50% retracement support all in same area. Bounced off falling wedge TL and now we see an inverted hammer inside bar on the weekly. RSI has hidden bullish divergence and decreasing volume while declining in price
Negative sign - macd not curling yet, but this may happen on the upper TL retest
What I expect - right now I am expecting a test of the upper TL in the low 70 range. This could fail. Upon break of the TL the first PT's will be the 30 week MA / ATH AVWAP which sit at a similar level in the upper 70's (right now it is 78). I expect that level to reject and provide backtest before an even larger move occurs taking us above those levels
How to trade: I think the smart trader waits for the breakout here, so alert the TL and wait. On the TL breakout take a position looking for the AVWAP as PT. If the stock is rejected back inside the TL then close the position because it isn't ready.
$MU - could bottom be in?I got a request to look at MU a bit ago, and it just came up on my weekly inside bar scanner.
It appears to be looking for bottom for what could be a cycle wave IV. We are nearing the 50% retracement, so it is getting close to decision time. The 50% retracement sits at 64.1, and the cycle wave II avwap (covid low AVWAP) sits right at a similar level (notice the 100 extension for Y of WXY also has confluence with this level). These will provide very strong support if MU flushes lower and if it does would be a great dip buy area.
Positive signs: We are already starting to see a reversal on the RSI and macd is looking to curl and cross on the daily. Notice there is also bullish divergence on the macd and the stock is falling on decreasing volume. These are good signs, and bottom could already be in.
How to trade it from here: Well, it looks like at the very least MU wants to make a move up to test the falling wedge trendline, so super aggressive traders could grab weeklies to gamble on that. But with the state of the market and possibility of a retracement happening I don't think that is the best way to approach this. I set an alert on the upper TL and will be looking to buy the backtest of the breakout
