MU trade ideas
MU (Micron) 06/02/20• Further upside. supported by 55 EMA.
• Earning boosted.
• Raymond James upgrades Micron (NASDAQ:MU) Market Perform to Strong Buy with a $70 price target.
• Analyst Chris Caso thinks supply/demand conditions are "highly likely to improve further as the year progresses" and that inventory levels are "approaching normalized levels."
• Caso sees a number of growth catalysts ahead that could drive "significantly improved demand" in H2.
• Micron shares are up 2.4% pre-market to $58.13. The company has a Bullish average Sell Side rating.
MU --- great movement as seen from Jan 31 BUY IN. point.MU --- great movement as seen from Jan 31 BUY IN. point....as it rides the channel.
Always use stop losses and take some profits off the table at your own discretion.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
Example of a Shooting Star candle, bigger drop incoming?MU formed a Shooting Star on the Weekly chart. And looks like a Pipe Bottom is shaping. This could signal more bearish movement, at least towards the 0.382 fib level where it may find enough support and consolidate. Looking to buy at that level if support shows strength.
Micron: First Healthy Pullback Since Breaking OutChip stocks have been the strongest corner of the market for the last year. Now one of the most actively traded names in that group has had its first healthy pullback since breaking out to new 52-week highs: Micron Technology .
MU has been working its way through an 18-month consolidation pattern following a huge run between mid-2016 and mid-2018.
It broke out to a new 52-week high in mid-December as the market flew into new territory but remained below the previous peaks from 2018. The risk/reward wasn't great, even as MU kept chopping higher, but now it's pulled back to some key levels and may offer a cleaner opportunity.
Two important things stand out on MU's chart: The 50-day simple moving average (SMA) and the recent low around $52.50. Both provide a good risk-management zones for buyers seeking a move back toward $60.
Fundamentally, most indications have remained positive for semiconductors . MU CEO Sanjay Mehrotra called a bottom for memory chips in December, and Intel's (INTC) surprisingly bullish report on January 23 showed orders are still strong. There's also the forward catalyst of 5G networking.
MU --- nice little pull upwards! -- this am.MU --- nice little pull upwards!
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
$MU Will get there eventually.Spikes up and retraces a lot, but not really affected by constant earnings misses. History shows it should eventually reach the Jul 2018 high, although some profit growth would be nice! Pullback due in short term.
MU --- negetive news -- pulling it down REVISED channel seenMU --- negetive China news yesterday has it pulling it down a bit --- REVISED channel seen now... so possible it may drop to MID 53.50 range before climbing back up....
Sold part of my position and will puchase back in...
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU --- MICRON mid day progression...... MU --- MICRON mid day progression...... on the DAY CHART CHANNELS...... making some progress...
NOTE:
(any stock can always pull down for any number of reasons, news etc)...
So always take at least some profits when you see them. Still holding for now. Day trading.
We shall see.....
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU --- 15 minute closer channel to see it clearer..... THKSMU --- 15 minute closer channel to see it clearer..... THKS
MU -- time to move up is possible now as a GAP downseenMU -- time to move up is possible now as a GAP down seen from yesterday... (Before the BELL today 9:23am) --- we shall see......... Thank you.
The day will tell.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
MU --- as it reached the TOP, a pullback was expected.MU --- as it reached the TOP of my channel, a pullback was expected. It should drop down a bit for a retracement. I will wait to buy back in on the lows of this channel ---- Thank you.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
Solid move3.6% back up today definite CHANNEL line patterns seenThis is a 15-minute PARALLEL CHANNEL PATTERN formed.
Let's see what the next few trades do on this channel between the parallel lines. You can clearly see the pattern it creates and - whether it continues up and breaks UP AND THROUGH the top channel line for MORE further gains...or goes back down the channel. This will indicate the trend that is forming... either way is good to see what is forming...
It is always helpful when DAY trading.
Micron— Nearing the top of a larger channelNearing the top of a larger channel—- When looking up on it on a wider view. It may go up temporarily and then have a pulldown.
MICRON -- Nearing a channel top....REVERSE is possible next...Since Early to the mid part of 2019 (Mar and then July 2019) the channel rose upward for Micron... It is nearing the top of that channel.... and struggling to maintain there....so It may be a temporary end of this current rise. Take a bit of profit off the table before buying back in... IMO. We shall see, but this is what I am reading into the chart patterns. Thanks.
MU --Micron resistance level coming up!! 61.73 approxMU --Micron resistance level coming up!! 61.73 approx from previous highs in the past (March and June 2018)... needs to go beyond this resistance...next report in March 2020. Potential: ▲ (11.30% Upside) The average MID price target (from analysts) represents a 11.30% increase from todays price point.
Quick DropThe semi's have been red hot. So any shorting done needs to be done with super tight stop/losses. MU is presenting a great opportunity to get short. It's currently rejecting a long term trend. Another gap up this morning is going to likely open MU right on the trend again. Expecting a fade off the gap.
Any sign of strength on a break through of the white trendline...so around 60.75-61 needs to be the stop/loss
MU Completing Long-Term BottomMU weekly chart shows a bottom completion underway for MU as it recovers from a 50% decline last year. The stock is showing some underlying momentum from large lot hidden activity.
Bullish MUI'm very bullish MU on a couple different timeframes and target levels. The first level of interest is 56.79 over the next few weeks. The second target is 59.50 over the next few months. A very good opportunity here.
MU - interesting fork in the road...Bottom of the 1 hour channel trend wanting to move upward --- but sitting near the top of another Long range channel ------ which way will it go. It may be due for sliding down but never know if it wants to climb and break through upwards now.....
MU Cautious LONG Potential MU long above the last close price of 57.65. MU has wicked through this area before and will likely again. So be cautions.
MU has been showing strength in this consolidation.
Fundamental Analysis MU Earnings Micron TechnologyCheck my profile for more info!
For my latest stock, I took a look at Micron Earnings $MU Stock. Darth Bear got 2Pts, while Bull Solo got 5Pts! MU is a strong company with a healthy balance sheet!
Darth Bear Points
1)When comparing Q1 20' vs. Q1 19', there was a decrease in sales in all segments (Compute, Mobile, Storage, and Embedded) of the revenue. Total revenue was down ~35%
2) Outlook for Q2 2020(EPS of $0.35 +- $0.06) is still lower than Q2 2019 (EPS of $1.42).
Bull Solo Points
1)MU beat earnings and revenue!
2) The company is working on projects for the future, Upgraded version of their current products + the purchase of new AI Company will help them work with AI customer needs.
3) The company has a strong shareholder return, buying shares every quarter with Annual free cash flow + buying back senior convertible note to reduce dilution count.
4) Balance Sheet is looking good! It has more cash than the total debt, which is always a great thing. Continuously paying down its debt.
5) Analyst Estimate Future EPS and revenue is growing for the next two years. Giving MU Forward P/E ratio of about ~11, If this is the bottom, then these are great numbers.
$SPY $AMD $SOXL
