MICRON Technology Inc. (MU.O) (d-w-m) (p5a)

This is a follow up on Micron Technology’s (MU.O) pull back as was projected and cautioned here:

MICRON Technology Inc. (MU.O) (d-w-m) (p5)

  So, far this week:

 I.   MICRON Technology Inc. (MU.O)

  •     Date   Open,   High,   Low,  Close,,  Volume
  • 7/22/2016,  13.21,  13.23,  13.02,  13.13,,  18755858
  • 7/25/2016,  14.00,  14.33,  13.88,  13.92,,  51276102
  • 7/26/2016,  14.00,  14.69,  13.93,  14.67,,  38959762
  • 7/27/2016,  14.85,  14.89,  14.06,  14.19,,  35035816
  • 7/28/2016,  14.13,  14.19,  13.70,  13.81,,  25504204
  • 7/29/2016, …..
    If you compare the numbers in the charts analyses below to those posted on the analyses in the above link …  some “projections” are moving higher and some are moving lower … suggesting a sideways to up trend … clearly more homework is needed.
  Analysis of MICRON Technology’s (MU.O)Daily, Weekly, Monthly, chart activity through Thursday’s (7/28/2016) close at  $13.81
The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to $13.02.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of $13.02.   Be prepared for a potential short term price pull back to the $13.26 area.
   Suggested placement of capital conserving stops 
If Long, exit all contracts at:    $12.38
If Short, exit all contracts at:   $14.89
mu 20160728d
  Chart #1 (above, daily, PP-Sup-Res)   Micron Tech (MU.O)
  •   :: Pivot point   13.90
  •   Support (s1)  13.61       Support (s2)  13.41
  •   Resistance (r1) 14.10   Resistance (r2)  14.39
  •   Simple Moving Average (Close 50):   12.62     (uptrend)
  •   Simple Moving Average (Close 200):  12.71     (downtrend)
  •   52 week High         52 week Low
Additional Micron Tech (MU.O) DAILY chart info:
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
  • Note (2): prices are vulnerable to a correction towards 12.62.
  • The upper projected target is: 15.30.
  • The lower projected target is: 12.49.
  • The projected closing price is: 13.89.
Please Note: these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     ———————————
mu 20160728w
   Chart #2 (above, weekly, PP-Sup-Res)     Weekly (Friday to Friday)
  •    :: Pivot point   14.13
  •   Support (s1)  13.38       Support (s2)  12.94
  •   Resistance (r1)  14.57    Resistance (r2)  15.32
  •   Simple Moving Average (Close 50):    13.25       (downtrend)
  •   Simple Moving Average (Close 200):   19.08        (uptrend)
   Additional Micron Tech (MU.O) WEEKLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note (1): this chart shows extraordinary price action to the upside.
  • The upper projected target is: 16.49.
  • The lower projected target is: 11.01.
  • The projected closing price is: 13.75.
Please Note: these price projections are calculated from previous trading activity and therefore for reference only, and can be easily exceeded, up or down,  by Mr. & Ms. Fickle Markets.  Sorry, past performance is no guarantee of future similar results.
     ———————————

-–  Monday, 7/25/2016   thru    Friday 7/29/2016  ——

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