MU - How I use multi-time frame algos for confirmation and tradeHere's a good example of utilizing LTF algos for confirmation of HTF moves.
MU trade ideas
MuMy go higher to touch the strong resistance it will go down not so far but it will go to touch the demand zone.
MUCup and handle on the daily.
CALLS CAN WORK OVER 130.
TRADE IDEA: 5/24 133C
*SEMICONDUCTOR STOCKS CAN MOVE HIGHER WITH NVDA TOMORROW.
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MicronMicron for the spit into the upper bounds of the bull Fibonacci channel. My target is sell $450. Advanced Micro Devices will outperform maybe, but good to watch them both
MU - Likely to go downReasons:
MU - Bearish rising triangle pattern
Already hit the C and H target and retreating
Supply zone tested twice
Resistance at 132 ()Swing 5:5
Weekly oversold
Daily nearly oversold
Micron Technology, Inc.I think its going in an impulse and may follow the counts depicted herewith.
Not a trade/investment idea. just a view and educational material.
Regards
pl follow
$MU Super performance candidateRS Rating of 98, Moving Averages in sequence of a firm uptrend, though I would prefer to see a Key volume day, prices and charts do not lie in relation of what institutions are willing to risk to their appetite. Indexes are stabilizing, making this stock an ideal candidate that NASDAQ:MU will grant performance on the upside
MU - False breakout for shortsGap up, looking for a false break on the monthly
I want to see us tap into the weekly stacked imbalance at $123.76 and then short it into the daily FVG targeting -2.5 std at $97.24
If we can invert that FVG and turn bearish, target SSL & std -4 at $83-70
MU on the verge of breaking down channelMU goof opportunity for CCS / PCS Iron condor.
MU: 4h chart. May touch 108 before swings back. hold tight until it hits 108, then buy PCS @90, once crosses 116/117 buy CCS at 130. good IC opportunity
Technical Analysis for $MU (Micron Technology Inc.)Technical Analysis for NASDAQ:MU (Micron Technology Inc.)
Weekly Chart Analysis:
- The weekly chart indicates a strong bullish trend, resembling a "bullet train," with prices consistently above the five exponential moving average (EMA).
- Bullish momentum appears to be continuing, with the price hovering near a key support level at 106.
Daily Chart Analysis:
- On the daily timeframe, we observe a significant support level near 106, reinforcing its importance.
Four-Hour Chart Analysis:
- Entry opportunities may come up on the four-hour timeframe, especially within the buying zone ranging from 80 to 111.
Conclusion:
- NASDAQ:MU exhibits a strong bullish trend on the weekly chart, supported by price action above the EMA..
- Entry opportunities can be explored within the buying zone of 80 to 111, with confirmation signals awaited on the four-hour timeframe.
Thoughts? Leave your comments below!
Micron Pulls BackMicron Technology jumped on AI enthusiasm last month and now it’s pulled back.
The first pattern on today’s chart is the bullish gap on March 21 after earnings and revenue beat estimates. MU dipped to $107.05 the following session before continuing higher, but has now pulled back to hold that level. Has support been confirmed?
Second, you have the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA, which is above the 200-day SMA. That may reflect a bullish long-term trend.
Third, stochastics have dipped into oversold territory. Prices are also near the bottom of the Keltner Channel. Those patterns may suggest that it’s had a healthy pullback.
Finally, MU’s bullish inside candle on Monday could indicate its short-term downtrend is nearing an end.
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Big bounce coming for semj conducteur muAs we see in chart mu is trying to fil the gap and its near 50% of fibo
And near ema 200 in 4h
We can expect a bounce from 100$ or 96$
So be ready for this big opportunity
And thank me later
Micron Technology - 100% in 6 months!Hello Traders and Investors, today I will take a look at Micron Technology.
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Explanation of my video analysis:
Back in 2018 we saw a beautiful break and retest on Micron Technology which indicated even more continuation towards the upside. For over 5 years Micron Technology has also been trading in a quite nice rising channel formation and is now approaching the upper resistance trendline. I do expect a pullback and a retest of the previous all time highs and then just more continuation towards the upside.
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Keep your long term vision,
Philip (BasicTrading)
MU April 17, 2024: A Huge 3-Year BaseDuring the week March 18, 2024, NASDAQ:MU broke out above a huge 3-year base as shown on the chart and from there went up 30% before the ongoing pullback.
A pullback to the 10-week moving average (the pink line) which is currently right near the upper resistance of the previous base, would provide a good buying opportunity.
MU is MovingAfter trading a position from support to resistance for months. We are now seeing a break above resistance. Since I played from support, I’m currently in a position. However I’m selling into strength in preparation for a retest. If it holds, I’m looking to go long for longer.
Micron Release Quad-Port SSD For Next-Gen Intelligent VehiclesMicron Technology, Inc., ( NASDAQ:MU ) a global leader in memory and storage solutions, has unveiled a groundbreaking advancement in storage technology with the introduction of the automotive-grade Micron 4150AT SSD. This quad-port SSD promises to reshape the landscape of intelligent vehicles, offering unparalleled performance and efficiency for AI applications at the remote edge. As Micron prepares to navigate market shifts, including price hikes and evolving competition, its innovative strides position the company as a key player in the semiconductor industry.
Revolutionizing Intelligent Vehicle Storage:
The Micron 4150AT SSD represents a significant leap forward in intelligent vehicle technology. As the world's first quad-port SSD, it streamlines storage infrastructure by connecting with up to four systems on chips (SoCs), centralizing storage and optimizing performance for AI applications. With enterprise-class speeds and multi-port capability, this SSD enables efficient data management across multiple systems, essential for tasks ranging from advanced driver assistance systems (ADAS) to in-vehicle infotainment (IVI).
Addressing Market Demand for AI and Autonomous Safety Technologies:
Michael Basca, Micron's vice president of Embedded Products and Systems, underscores the necessity of a new storage paradigm to meet the escalating demands of AI and autonomous safety technologies. The Micron 4150AT SSD emerges as a solution tailored to these requirements, offering enhanced performance, power efficiency, and security crucial for the advancement of intelligent vehicles.
Navigating Market Dynamics:
In response to market dynamics, Micron ( NASDAQ:MU ) has announced plans to increase the prices of its DRAM and SSD products by over 25% in the second quarter. This strategic move aligns with anticipated market corrections and underscores Micron's commitment to maintaining profitability amidst evolving industry landscapes. Analysts predict stable pricing for SSDs in most end markets, highlighting Micron's resilience and strategic positioning.
Dominance in Semiconductor Industry:
Analysts have lauded Micron ( NASDAQ:MU ) for its advancements in high-bandwidth memory (HBM) technology, positioning the company as a formidable force in the semiconductor industry. With superior thermal and power efficiency compared to competitors, Micron's HBM3E is poised for significant market penetration, potentially surpassing $1 billion in revenue by 2024. Micron's stock performance, gaining over 93% in the past 12 months, reflects investor confidence in its innovative capabilities and market leadership.
Conclusion:
Micron's introduction of the 4150AT SSD marks a pivotal moment in the evolution of intelligent vehicle technology. As the company navigates market shifts and positions itself as a dominant player in the semiconductor industry, its commitment to innovation and strategic foresight will continue to drive growth and shape the future of automotive technology. With the Micron 4150AT SSD leading the charge, intelligent vehicles are poised to achieve new levels of performance, efficiency, and safety in the era of AI-driven mobility.
Technical Outlook
Micron Technology ( NASDAQ:MU ) is trading above the 200, 100, and 50-day Moving Averages (MA) respectively with a strong Relative Strength Index (RSI) of 66 indicating a strong buying momentum from investors.
$MU - idea for a taught changesNASDAQ:MU - expecting growing within a year with an intermediate corrections
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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Micron Technology's ($MU) Shares Reached New HighsMicron Technology's ( NASDAQ:MU ) shares have reached a new high after Bank of America raised its price target for the stock. The report from Bank of America stated that Micron is poised to gain from the artificial intelligence (AI) boom, as the company's high-bandwidth memory (HBM) is crucial for AI technology. Bank of America has named Micron, Marvell Technology, and Advanced Micro Devices as "junior samurAI" companies that are likely to gain from the AI boom, following the firm's "top picks," Nvidia and Broadcom.
Bank of America has increased its price objective for Micron from $120 to $144 per share and reiterated a "buy" rating, as the company's potential to expand its HBM market share behind its Korean peers presents an opportunity for growth. The report also noted that the "junior samurAI" companies trade at a valuation premium to their respective leaders, which could result in greater stock volatility but also create profitable niches.
Micron's shares ( NASDAQ:MU ) were up by almost 7% to $125.74 at 11 a.m. ET Monday, after earlier hitting an all-time high of $127.38. The stock has gained 53% year-to-date, with a Relative Strength Index (RSI) of 81.71 indicating an overbought situation or continuation of the current trend. Nvidia, a leader in the AI race, has already established itself as a major player in the field, with the companies within its AI ecosystem experiencing gains amid surging AI demand.
Overall, Bank of America predicts that the accelerator market will increase to $200bn over the next three years, which could create opportunities among the second-tier vendors. Despite the volatile nature of the market, Micron's position in the HBM market, combined with the growth prospects of the AI industry, make it an attractive investment opportunity.
What I think about MU earnings.
Let's see how these earnings play out and test my analysis.
March close and start of April will be really important for MU in the long term.
MU March 25, 24: Powerful Breakout of Weekly ChartOn March 21, 24, NASDAQ:MU broke out strongly out of a very long consolidation, starting from the beginning of 2021, a 2-year consolidation!
There is no buy point for me here. But a pullback to the previous resistance (the horizontal yellow line as shown on the chart) would provide a good opportunity.
Or let's see if there will be any short-term pattern forming here..
MU breaks through ATHs Bullrun does not relent LONGMU on the monthly chart 4 weeks ago crossed above the previous ATHs of 2021-2022 and has
risen without retesting. Adding $9 to the all time highs for 10% inflation since then would adjust
them to $104 and price is now in that range and above. Price is in the uppermost anchored
VWAP bands and thus prone to reversal. However, MU is not as overextended as NVDA. Its
upside is likely there as it competes in the space. Growth will accelerate once the new chip
plant in upstate NY comes online after the construction is completed. NVDA is reportedly
looking at Vietnam. I already have a large sized position in MU. I will add to it now even
if it may be overbought. There is good cause for the overbuying. I want to support the domestic
economy and understand national security interests in chip manufacturing here in the USA
consistent with the recent federal law and stimulus associated with it.
MU Micron Technology Options Ahead of EarningsIf you haven`t bought the dip on MU:
Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 95usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
