30 Year Micron Chart... Very InterestingWe are currently sitting on the original kick-off line dating back to 1993. This line may provide the support for an eventual move towards the 2000 ATH of 98+
Micron
$MU to the moon. The semi business has bottomed! LONG TERM TRADE. ONLY FOR THE PATIENT.
On Thursday, $AVGO (Broadcom) earnings call called for a bottom in the semi business in Q2. With that being said, $MU is looking like a good setup for a long term swing trade. In December, we see micron bounced at $28 and rallying to $43. Now we are currently sitting on the 9 day avg line (1 week time frame). I have chosen the 1 week time frame to show you the close up price action. If we look at the monthly time frame, we see the Ichimoku cloud showing we're still in a bullish trend (above green cloud).
What to watch (1week time frame):
-Watch for price to hold above 9 day avg line or 26 day avg line if falls below (shown above).
-Micron will be reporting earnings on Wednesday after market close. I believe it will pop but staying cautious.
This is an analysis, not an investment advice.
BUY CHIP STOCKS (NVIDIA) + (MICRON) LOW RISK, HIGH REWARD.
Although there many be many negative articles surrounding these main stream micro chip stocks, we can see huge upside comparable to risk in these names.
See chart for trade configuration
Sept 2019 forward buy and hold... *********
MU Overbought - Expect an 8% drop from hereSemis are severely overbought and MU has outperformed the recent bull run this month without any uniquely good news for them, so I expect MU to give back it's gains on a pullback more than average. With semis overbought, market uncertainty into next week, and weekly options expiring tomorrow, I expect a decent selloff tomorrow. Tomorrow would be great timing for an MU selloff, especially considering price movement has been mirroring it's recent price action up. Though, I don't recommend buying puts expiring tomorrow, the options are dirt cheap considering the likelihood of this playing out, so I've just bought last day puts out of the money as a yolo, but am also holding puts expiring in a couple of weeks, since I could be a little early for the pullback. I will add puts into next week if it does not pull back.
Micron Apple Effect SHORTMicron
Range Bound Lower
Accumulation time before the drop from the retracement area..
Stock & Option Volume Strength and Volume in sync start the price turn lower
NASDAQ:MU
MU: Potential Double Top for -35% When is it a double top versus a channel? When current price action is an incredible 1.786% extension of the AB leg and the recent tops demonstrates a negative divergence with the MACD. Breakdown from the neckline will imply a downside price target of $30, -35%.
Micron possible break outNASDAQ:MU has formed an inverse head and shoulders pattern that broke out.
This break out failed to make new highs, however I believe it created opportunity to enter into Micron.
Microns business is about to change by a lot. Let me explain, Micron sells NAND memory, which is non-volatile. Non-volatile is a fancy way of saying it doesn't need power to remember things.
Think about like this:
You lose power at 7:15 AM where you live. If you have an oven, old analog clock, or VCR when the power comes back they will all reset to 12:00 (or something similar but it will be whatever is the default to go back to). If any of those devices had NAND memory when they came back on they would read 7:15 AM.
Does that make sense? You don't need energy to remember things.
So what? Less energy used means more battery life.
Even more so what? Think about all those cool little devices you dreamt up as a kid. Those weren't possible because how long could those devices run on battery? Think about how large of a leap going from double A batteries to rechargeable.
NAND makes it possible.
* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
MU: Reaffirm short with $30 downside targetThis is a follow-up from my earlier idea where I called a double top on MU. MU has broken down from the neckline support, tested the neckline support (now a resistance) and failed.
Autonomous Trading CEO Warns on Micron Bear Market and CrashJunk rating $64
Wall Street upgrades to $110
MU nearing resistance at $41/$42MU would be a good short between $41 and $42 as it bounces off of the top of it's id-term downward channel.
RAISING POSITION TO 2,000,000 SHARES. UNWARRANTED SELL OFF!Folks, Fake News has Micron Bankrupt while other companies that depend on Micron products, Microsoft, Apple, Google, Amazon, Facebook, Twitter, Data Storage Services, in fact, the entire Technological Infrastructure depends on Memory and Storage to work so if Micron sales are forecast to sink by FAKE NEWS, the entire technology industry will crash with it including Cloud Computing services.
This is a case where if you have brains, you know the truth and you BUY!
Smart Money is buying Micron at these FIRE SALE prices while weak hands and manipulators are trying to push the stock down.
As it stands now, Micron is trading under 3x forward earnings, this by itself is OUTRAGEOUS Wall Street Corruption especially watching AMD triple in price on speculation.
We cannot watch the Corruption win, we are moving our position from 1,000,000 shares to 2,000,000 shares
Like we said in an earlier post, Corrupt Wall Street will make us BILLIONAIRES!
If you look at over 90% of our trades on this board, we haven't been wrong. We've made money on every trade we've closed.
A perfect example of Wall Street Corruption is the price of NVIDIA, with an E.P.S of only $6.65 - Trading over $200 a share
Even if Micron sales fall, they will still beat NVIDIA E.P.S.
The sick part of this story, Micron makes NVIDIA chips along with chips for Western Digital, IBM, Intel and many more companies.
We couldn't ask for a better Christmas Gift!
P.S. We also think, if the price of Micron stock stays down at these low levels, the company will we bought out!
With the cash flow Micron has, along with the positive / rock solid E.P.S, the company is a sitting duck for a BUYOUT at current levels.
Looking for a rebound on MU at ~36.50MU could see a rebound from ~36.50 to ~40/43.75. RSI divergence in 1h chart already occurring, but I'll be waiting for 4h chart divergence and preferably even in the daily.
Expecting some continued bear momentum Current market structure appears to be doing an abc correction. Projected targets are labeled (two green boxes) 70 percent chance we hit the first target which lies between 38 and 36.80. If rest of the market begins it's correction then we can expect to see a further decline in MU prices.
Simply educational purposes
Not Financial Advice
RAISING POSITION TO 1,000,000 (MILLION) SHARESMICRON is a screaming bargain at current levels with or without a sales decline, with or without an over supply, etc..
WE ARE RAISING OUR POSITION TO 1,000,000 MILLION SHARES
We are taking a good guess that we will see Capitulation soon with people panicking and running for the doors for NO GOOD REASON!
When you look at the hype surrounding AMD, trading approx. 9 points below MICRON, it makes our argument even more concrete!
AMD up over 2 points today now trading around $32..
Dare to Compare..?
Advanced Micro Devices has a trailing-twelve-months P/E of 80.53X compared to the Electronics / Semiconductors industry's P/E of 18.14X.
Within the last 5 qtr's, AMD had the following earnings: 0.45 CENTS
Q2 2018 - 0.14
Q1 2018 - 0.11
04 2017 - 0.08
Q3 2017 - 0.10
Q2 2017 - 0.02
Within the last 5 qtr's, MICRON had the following earnings: 12.06 DOLLARS
Q3 2018 - 3.15
Q2 2018 - 2.82
Q1 2018 - 2.45
Q4 2017 - 2.02
Q3 2017 - 1.62
DARE TO COMPARE INTEL EARNINGS TO AMD..?
What is happening now to Micron as a company / stock is defined as SICK!
Wall Street Analysts have lost their minds. This was a setup by Wall Street to cash in on options sold short. It was a HUGE Payday for Short Sellers and absolutely criminal.
This is a chance of a lifetime and when Wall Street hands you a HUGE GIFT, know when to accept it, say thank you and RUN TO THE BANK AND CASH YOUR HUGE PAYCHECK!
MU skydiving to 30MU had a fantastic flight since 2017. But now weekly chart suggests that it has jumped off and will hit 30 by end of 2019 Q1.
MU to drop to $30 before next supercycleAs the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock through bullish sentiment in the near term as they'd likely want to obtain the cheapest shares possible before the next super cycle. I suspect this super cycle to occur within the next year as the chart indicates and perhaps pump MU's share price to the $85 area.
MU - Looking like a $55 stock by Friday. Our extremely thorough analysis indicates that a YOLO trade might be warranted on MU. We are buying $55 calls expiring tomorrow. We expect a large plate of chicken tenders for dinner, should this move occur.
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news).
Buy point - I bought at 41.4 but a 43-44 Buy point is good too.
Sell point - 50$ or above (depends on the trend and news).
Stop loss point - 38$.
MU Micron Bullish OutlookMicron looks bullish but becareful, if it breaks below the trendline it will become bearish very fast. This stock is very volatile.
