entering bearish trend? 🧐mu continues to make lower highs and lower lows which is a bearish pattern. starting to look like a mini downtrend channel to me. also breaking below local support which is not a good sign for longs, my next targets are 77.55-75.53-73.5. like and follow Heart with arrowShortby Vibranium_Capital5524
MU: Back to Resistance? Micron Technology - Short Term - We look to Buy at 79.23 (stop at 73.95) Preferred trade is to buy on dips. We have a 61.8% Fibonacci pullback level of 78.15 from 65.60 to 98.45. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 96.50. Offers ample risk/reward to buy at the market. Our profit targets will be 96.23 and 107.95 Resistance: 90.00 / 96.50 / 100.00 Support: 79.00 / 70.00 / 65.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses. Longby Saxo5
Weakness persists in chip makersMicron exiting from the rounding top and bouncing off 200 day ma before falling more. More weakness to come as it dropped below 200 day and wasn't able to reclaim on that eod run we had friday. Expecting further downside as chip makers like AMD and QCOM report earnings next week. Doubt it will be any good, guidance wise, as chip supply shortage is still very much a problem.Shortby Jlov0
$MUA dip on $MU looks tempting here... big vol shelf, C/H, testing ATH's... NASDAQ:MULongby jonwayne02Updated 0
MU setting up for another push to upside soon 🔥 recent trend resistance is now acting as support, this is a good signs for longs. watch for a clear break past recent highs for continuation next week. short term price targets are 104.61-111.38-118.15, like and follow for more! 💘Longby Vibranium_Capital1121
strategy for MU Tuesday 01/19/2022MU: sell zone ( 98.00 ) ( 97.00 ) MU : buy zone ( 93.00 ) ( 92.00 ) bullish continuation price: ( 99.00 ) MU: close with bullish reversal. the bearish entry would be after 94.00 pending the buy zoneby RobertoTraderWithoutStress1
Is MU ready for all time highs? $MU is looking to break out into all time highs from its previous highs back in 2000. MACD still looks strong but volume is my only concern. RSI still has room to grow but starting to reach overbought levels. Put/Call Ratio for the coming week is .32 and .30 for the following week. This indicates money is expecting an increase in price. If it breaks out look for the 1.382 Fib level for a possible target. Keep your eye on $MU as it will definitely be on my watchlist this coming week. Market is closed tomorrow due to MLK day. Leave your thoughts below in the comment section. Best of luck traders!Longby timmyarens0
MU, 14 Jan. Breakout of the Decade?Micron has reached $97 on 17 Jul 2000, right before the dot-com crash. We are now back to exactly $97 (the blue line), for the second time, forming a gigantic cup (and handle) pattern. Look at the weekly chart to see it. With such an epic pattern, the question is if we can position ourselves for a potentially large breakout. Geometry: Price has formed a bullish descending broadening wedge (green lines) and broke above it. Oscillators: RSI shows a bearish divergence, Stochastic is due to retrace. Volume: Vol is declining, suggesting that the uptrend is stalling. Moving Averages: The 20 week MA is approaching 80, the 50 EMA is at 85, potential supports. How to trade it: The fact that price approached the resistance for a second time seems promising for a large breakout. The problem is that we do not see a clear handle on the weekly chart. In the worst case, we will get a multi-year handle-forming chopfest. Oscillators suggest that price needs further consolidation. The idea is to test longs at $94, and around $85, where the 38.2% retracement meets the incoming 20 week MA, and the trend line. Look for Stoch/RSI to be oversold. The expectations of a great earnings result (and the earnings itself) could be the catalyst for the breakout. The idea may not work if price falls below the green support line at $85.Longby UnknownUnicorn122503175
MU Short strangle for a $2.37 creditFEB 25 STO 85 P FEB 25 STO 110 C Pop 74% Delta -1.83 P50 86% Theta 7.411 M Profit 237 M Loss Infinity BPE -966.10 ROC 24.5%by DannyFoss0
Micron Technology: Bull Flag Offers Good Risk:Reward Micron Technology - Short Term - We look to Buy at 87.30 (stop at 83.80) The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Prices are extending higher from the bullish flag/pennant formation. Trading volume is increasing. Daily signals are bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 87.00, resulting in improved risk/reward. Our profit targets will be 96.90 and 102.00 Resistance: 95.00 / 100.00 / 105.00 Support: 87.00 / 85.00 / 80.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses. Longby SaxoUpdated 8
🤩MU Micron Technology, Inc. Technology | Semiconductors |🤩😱Multi Year breakout worth a watch NASDAQ:MU Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix.04:56by Peaceful-Weekend-Investing2
mu alternate viewMu, alternate view. I would keep an eye on this all through the week. had similar setup on amd on oct 25th 2021, and took a sell only to lose money. so this alternate view wrt my previous view on sell.Longby olakunledean112
mu idea@ biff short setupMu , nicely spotted by Biff. i would be looking for sell setups on this. Shortby olakunledean0
Micron cerca de romper record del 2000. Lo lograra? Micron sigue subiendo después de su reporte trimestral, y al los analistas arrancar el 2022 subiendo sus estimados con respecto a la accion. Les contamos como la salud técnica y fundamental están en la accion de cara hasta 202206:17by wallstreeteasy0
Short MUMy biggest short opportunity for those out there watching my posts is MICRON. MU has not only hot the top of its fib retracement, but also double topped. I'm short this stock until $77. Not financial adviceShortby FiboTrader1116
Closed: MU January 21st 86/97.5 Short Strangle... for a 2.12 debit. Comments: Total credits collected of 3.23 (See Post Below). Closing it today for 2.12 results in a realized gain of 1.11 ($111), which was my original profit target.by NaughtyPines2
$MU LevelsBreak out zones: $96.37 $95.9 Bull PT: $97.78 $99.05 $100.13 Bear PT: $94.83 $93.71 $92.36 $90.88by thelowestdange0
potential all time high breakout here🦉MU looks like it will do a parabolic breakout past all time highs any day now, rsi is near overbought range so be careful. price targets if it breaks 97: 100.39-117.75-135.11 like and follow for more 💘Longby Vibranium_Capital2231
$mu analysis 30minAfter wicking into all time high supply, a head and shoulders patterned has formed suggesting a move to the downside. $92 is the key level here. This is a price you can play long and short off of. The directional movement of $MU will depend on the overall strength of other semiconductor names, this could easily make new highs in the following weeks of January. Longby BensStocks_1
$mu analysis Sometimes there is no need to get creative. Semiconductors have been hot, and $MU is one of the few that hasn't made a new high yet (although it came close, wicking into supply levels near the all time high of $96.69). The bigger picture here is that price is extended from the 21 day and closed below the 5 day last week. It seems a slight pullback is in orderLongby BensStocks_0
MU BreakoutIf MU can breakout here we can see a move up to $96. If it can't breakout and can't hold supports there's a pretty big gap to be filled to the downside.by Shanedurand5180
Mu looking for resistancewatching to see if we break higher or fall off this resistance. lost of selling pressure in this zone. Be real careful this has made rsi 80 before and if it does again blow a short position up Shortby wrgly0