MICRON Technology Inc. (MU.O) (d-w-m) (p7)

 

  MICRON Technology Inc. (MU.O)  Friday (7/29/2016)
                         Index   NASDAQ 100®  S&P 500®
   $13.74  -0.07 (-0.51%)  After Hours: 13.78 +0.04 (0.29%)
                           —————————
  I do not know if you noticed, but per the “weekly” (Friday to Friday) projections, the “projected” closing price generated Thursday for Friday was $13.75 versus $13.74 actual.
  Each day’s trading moves the numbers.  The Supports (s1, s2) calculated from Micron’s trading reflect Sellers unwilling, at that time, to accept lower prices.  The Resistances (r1, r2)  calculated from Micron’s trading reflect Buyers unwilling, at that time, to pay higher prices.  The Pivot Point is the Price at which the Buyers/Sellers seem to agree upon prices the most.  When prices, or points, are above the Pivot Point, the Bulls are winning.  When prices, or points, are below the Pivot point, the Bears are winning.
Depending on the stock, mutual fund, ETF, bond, et cetera the Pivot Point indicators are 50 to 70 percent accurate on going Long, or BUYS. So, having hundreds of indicators to pick from, I back test to find the handful of indicators that (1) produce the most money (2) with the most winning trades, (3) the least losing trades, AND then look for collective agreement on a buy.   However, having bought, the next hardest thing to do is figuring out when to sell, or even short. (Note, I do not short anything, but I do pay attention)   Problem solved, if my Pivot Point indicators say (suggests) Sell/Short, pay attention because they are ninety to 97 percent accurate on selling/shorting.  Yes, 90 to 97%.  I can’t help but admire that level of accuracy.   That’s why I do Bull AND Bear analyses.   Getting out is a no brainer.  Now, if I could just tweak the BUY side of my equations to get equivalent BUY side accuracy … I’d be in Seventh Heaven!
This math, data, equations, calculations, projections, … and results is not unlike choreographing a dance between the Bulls and the Bears … and occasionally this dance can produce that one great Pearl … the CLAW. 

 The CLAW.  

 The claw chart formation, which I am seeing hints of in Micron’s Daily chart, occurs when the Resistances (r1, r2) AND the Supports (s1, s2) converge to the Pivot Point.  Talk about crowded Bull/Bear dancing and neither one can make up their mind who’s leading.   .  This formation is my “Heads up” that (1) a potentially big move is coming and (2) that more homework is needed to determine whether it’s Bullish, or Bearish.   A picture being worth a 1000 words … check out “the Claw” in my 2 blogs on:

 Back to Micron …

  Moving average crossover Friday 7/29/2016.
The 50 day Simple Moving Average (sma50)  at $12.6966 crossed over the 200 day Simple Moving Average (sma200)  at $12.6857.  ( Bullish )
  Note: the Monthly Chart shows a sma50/sma200 crossover as of 3/31/2016.  The 50 day Simple Moving Average (sma50)  at $17.77 crossed over the 200 day Simple Moving Average (sma200)  at $17.69.  ( Bullish )
  One of my other Pivot Point indicators, based on Micron Tech’s Friday 7/29/2016, trading actions suggests a “sell/short exit” which, upon examination of the data, appears to meet the criteria of a contrarian “Bullish” indicator.
Also: the cautionary retracement calculations are holding steady at $13.02. The cautionary pull back numbers are inching upward, pennies at a time, but upward:  in (p5):  $13.18;  in (p5a) $13.26; in  analysis for Monday’s trading $13.27.

  MICRON TECH ORD(MU.O)

  Analysis of MICRON Technology’s (MU.O) Daily, Weekly, Monthly, (d-w-m) chart activity through Friday’s (7/29/2016) close at  $13.74
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 13.27 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …     12.61
If Short, exit all contracts at …     14.89
————–
mu 20160729d
  Chart #1 (above, daily, PP-Sup-Res)   Micron Tech (MU.O)  Note the Moving average crossover Friday 7/29/2016.   Note the Short Exit (Sx)  (contrarian Bullish)Friday 7/29/2016.
  •   :: Pivot point   13.77
  •   Support (s1)  13.59       Support (s2)  13.45
  •   Resistance (r1) 13.91   Resistance (r2)  14.09
  •   Simple Moving Average (Close 50):   $12.6966
  •   Simple Moving Average (Close 200):  $12.6857
  •   52 week High   20.10      52 week Low   9.31
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 12.63.
  • The upper projected target is: 15.21.
  • The lower projected target is: 12.42.
  • The projected closing price is: 13.81.
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 20160729w
   Chart #2 (above, weekly, PP-Sup-Res)  Micron Tech (MU.O)  Weekly (Monday 8/1/2016 to Friday 8/5/2016)  Do you see the Claw that formed b4 Christmas  Dec 2015? and the downturn?
  •    :: Pivot point   14.08
  •   Support (s1)  13.28       Support (s2)  12.81
  •   Resistance (r1)  14.55    Resistance (r2)  15.35
  •   Simple Moving Average (Close 50):    13.24
  •   Simple Moving Average (Close 200):   19.08
   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.
  • The upper projected target is: 16.41.
  • The lower projected target is: 10.94.
  • The projected closing price is: 13.68.
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 20160729m
  Chart #3 (above, monthly, PP-Sup-Res)  Micron Tech (MU.O) Monthly   Monday 8/1/2016 to Wednesday 8/31/2016
  •    :: Pivot point   13.38
  •   Support (s1)  11.86       Support (s2)  9.99
  •   Resistance (r1)  15.25  Resistance (r2)  16.77
  •   Simple Moving Average (Close 50):   18.20
  •   Simple Moving Average (Close 200):  17.25
  Additional Micron Tech (MU.O) MONTHLY chart info:
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the downside.
  • The upper projected target is: 20.76.
  • The lower projected target is: 7.03.
  • The projected closing price is: 13.90.
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, 8/1/2016   thru    Friday 8/5/2016  ——

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