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MU trade ideas

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)
NASDAQ:MULong
by pretiming
1
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-
NASDAQ:MULong
by Wazaby
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.
NASDAQ:MUShort
by JTI96
Micron pops on non-GAAP earnings report gimmickMicron has been looking bearish in what appeared to be an emerging downward channel. However, after hours today it popped two and a half dollars per share on the basis of a supposed earnings beat. News outlets are reporting that earnings "crushed" estimates. The problem is that the analyst estimates are for GAAP earnings, and Micron's GAAP earnings missed by several cents per share. By disclosing non-GAAP earnings, Micron used a common gimmick to appear to have beaten estimates that doesn't reflect actual strength in the company's fundamentals. Whether investors will notice this is another matter, however. The stock may stay up tomorrow regardless. But I personally wouldn't invest in it. To Micron's credit, it did slightly beat estimates of GAAP revenue even though it missed on earnings.
NASDAQ:MU
by ChristopherCarrollSmith
MU watching Semi's this week with G20 newsMU has been beaten down for far too long - considering the amount of cash they make. RSI coming up nicely but hoping to move to the top of that new found range it's been trading in, then the real test of R1 & R2. Watching from the sidelines till something convincing takes place but if MU moves lower, I'm willing to enter at high $20's. Patience with MU from my experience - So volatile with memory news with every little concern feeling like blows to the gut - most of which is overplayed IMO - as is a lot of things with the market I guess! GLTA
NASDAQ:MU
by Slothcharts14