MU - Micron Technology, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Stockaholic, Apr 4, 2016.

  1. Charles Noble

    Charles Noble Well-Known Member

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    This is going to steadily rise. $40 for sure within a year. Who knows what magic Sanjay might whip out? Could be at $60 in 2 years!
     
  2. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Testing the top of the supply bar of June 30th.So far looks like lack of demand and that a test lower is needed to find demand.
     
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  3. StockJock-e

    StockJock-e Brew Master
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    Im looking at that too

    [​IMG]
     
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  4. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    It took it 11 days to re-take the 2 down days of June 30th and July 3rd, then on the test of the June 30th high, the volume was unfavorably low compared to the volume on June 30th showing a lack of demand, and the close for the day was below mid-range....appears bearish for the short term. Point and Figure work shows an upside target between 31.50 and 36.00; perhaps the cause for upward effect is used up here. The volume of the last down-wave was the biggest since January 2016. If the volume picks up (large supply comes into the market) on the next down-wave I'd be inclined to lean bearish longer term too

    Daily:
    upload_2017-7-20_5-32-0.png
     
    #64 Onepoint272, Jul 20, 2017
    Last edited: Jul 20, 2017
  5. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Should have followed thru to the downside. Printed a lower low today but closed up near the HOD. Hmmm, maybe they are holding it up; absorbing sellers; waiting on some demand-creating event. Not clear but when what you expect doesnt happen, then expect the opposite.
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Was glued to $32 the last 3 hours
    [​IMG]
     
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  7. Austin vanderweide

    Austin vanderweide Active Member

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    Significant pullback the last few weeks. Definitely on my watch list.
     
  8. T0rm3nted

    T0rm3nted Moderator
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    If this keeps heading down, I'd be interested at ~$26.50. Looks like it could be a support level, and if it can get there around the same time the 200MA does, that would be even better.

    upload_2017-7-31_18-32-9.png
     
  9. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    I have 26.49 [~26.50] identified also. But also 27.74. For the pattern traders 27.74 is also a nice 3-drives-to-a-bottom.

    The trend is up on MU, so supply needs to prove itself for any meaningful downside to occur. So far there has been no Sign of Weakness (SOW). Until that happens I think I'll still be looking for the long trade.

    upload_2017-7-31_19-54-22.png
     
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  10. MiguelHammond10

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    dram prices are still 30% lower than the 5yr peak. Bearish outlook is not sustainable.
     
  11. T0rm3nted

    T0rm3nted Moderator
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    Getting close to a buy here around $26.50
     
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  12. Austin vanderweide

    Austin vanderweide Active Member

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    Couldn't agree more. Looking to open a position here soon and add to amd if it drops to the 50ma
     
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  13. rg7803

    rg7803 Well-Known Member

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    Seems weak to me. Hoping that suport works at that level.
     
  14. Jack Levy

    Jack Levy Well-Known Member

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    I think people will come to their senses today and pick the markets back up. We always rally when we don't expect it.
     
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  15. fidelgeorge

    fidelgeorge Well-Known Member

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    For the record I think this is going to pop in the morning and close with a black candle. MU is good at starting strong then selling off.
     
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  16. Charles Noble

    Charles Noble Well-Known Member

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    As long as pricing stays stable to higher and capacity is in check this won't crash for 4th straight time on ER.
     
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  17. Jack Levy

    Jack Levy Well-Known Member

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    Almost all tech pulled back after last ER beats. Environment is different now. IMO those who expect pullback will be deeply disappointed
     
  18. Charles Noble

    Charles Noble Well-Known Member

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    This is going to hit $38 by Tuesday and $40 shortly after. This ER will go down different. This will be a huge beat and a bull run!
     
  19. LloydWCoutee

    LloydWCoutee Active Member

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    ER is tomorrow AHER is tomorrow AH. Would be interesting.
     
  20. StockJock-e

    StockJock-e Brew Master
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    Ah nice, good morning MU longs! ;D
     

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