MU trade ideas
Micron (MU) - The Trend is your FriendMU retested the ~ $36 break-out twice and has since headed higher. A solid close above $46 could indicate continued strength and a push towards $58-$60 would be the next target.
Micron has remained within it's trend and break-out. Mgmt. has indicated they are in the early innings of the data demand which they have suggested could last until 2025. Recent mergers in the sector signal MU would be worth over $100. Strong balance sheet, share repurchases, and structural demand suggest this is a stock to watch going forward.
MU ! road to 50 againSo, I made a call on some August 16 45$ call options, I said in last MU post. confirming today the breakout is real, and seeing the amount of volume that poured into 45$ calls. MU is def going to surpass 45 again. Looking at other technical indicators. 50$ is possible and could be there sooner than later.
MU has been pretty damn strong after its rebound and earningsliking MU again since earnings, the stock has been holding up well. bought 45 calls Aug 16 yesterday. Triangle breakout possible going into tomorrow.
Daily MU forecast analysis report by Supply-demand strength.03-Jul NASDAQ:MU
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.8% (HIGH) ~ -0.4% (LOW), 0.3% (CLOSE)
%AVG in case of rising: 3.3% (HIGH) ~ -0.7% (LOW), 2.7% (CLOSE)
%AVG in case of falling: 1.3% (HIGH) ~ -2.2% (LOW), -1.0% (CLOSE)
BULLISHpossible reversal price currently testing old pullback level , followed by inverted hammer accepted by strong Bullish candle
MU in Higher Time Frame Supply -- Short OppotunityEntry: 39.85
Protective Stop: 40.70
Safety Target: 38.02
Final Target: 35.07
HTF Supply + Trend Line Break = Look for opportunities to go short on the retrasal
Safety Target is 2:1 (65% success Rate)
$MU Calendar Spread Opportunity$MU just had earnings and traded way up again today. Right now I'm looking at this "congestion zone" that the stock had back in February - March of this year. I think that if $MU keeps going that it might stall out here in this zone, and that might be a good opportunity to buy a Calendar spread on $MU - a trade that takes advantage of increasing IV. I have had success buying calendars on $MU in the past.
Still Going StrongMU has continued volume and technical support.
Trend Shift Heikin Ashi showing reasonable risk values given the recent price shift
Volume confirms this assumption
Slow but steady.
Check out the TSHA indicator. Feedback appreciated.
MU - LONG - Double bottom to 52.50- Double bottom at support. Micron is ready to fly, but I will wait a lite pullback at 35.00-35.50
- Strong stock on strong indusrty (Semiconductor). MU as been upgraded by Needham, from hold to buy at 50.00 as target.
- Very trong fundamental :
> P/E 3.57
> EPS : 157.6% this year
Waiting for a lite pullback to buy and fly to 52.50 as potential and at is all time high at 64.50.
I will update it regularly. Follow MU for development.
I wish you a great trading day!
Waz-
Micron trade closed, but may get back in Monday.This is a wise time to be taking profits as it has moved 20% in a few days and as pointed out on the chart it has a history off selling off in they days following such a earnings beat. If the G20 summit has a positive outcome it may very well rocket higher , but in our opinion it's better to risk losing 5% to the upside rather than 20% to the downside.
MU strongBeautiful movement with MU. Looks like it moved away from that heavily bought/sold area marked R1 - With good China news - could be the fuel it needs to get above that and make a new found support. $40's sooner than later IMO
Set To Get DestroyedEarnings tonight for MU. $33 has been a huge support/resistance line for Micron over the years. With it failing to bounce on its last few tries since fading back down to $33, seeing lower highs on the most recent pop, and with an expected 76% decline in earnings this quarter...I'd be shocked if this thing popped after earnings. Best case scenario is gonna be, "earning were not as BAD as expected", but even then for them to somehow not mention something about DRAM demand being down or China affecting the outlook for the coming quarters, would be a surprise.
Looking at the December lows as the first support. Further weakness in the market, and we could easily see 26.50 in the coming days.
37.45 is the first resistance if this thing does manage a bullish move.
