I strongly suggest going to the Micron Investor Relations website and listen to the
I also suggest exploring some of the Micron informational videos here:
- Link: https://www.micron.com/
Well, as my previous blogs, charts, pointed out, the tests of the retracement numbers, and the pull back numbers … can be stressful … but, it’s YOUR money. You NEED and deserve to know PROs and CONS. Whether you are Bullish, or Bearish, on Micron (MU) or any other stock, ETF, ETN, mutual fund, or Index … you NEED to know both the Bull perspective ** AND ** the Bear perspective. That’s the only way you can come to grips with your own personal tolerance for RISK!
Micron’s Close 8/4/2016: $14.03 +0.52 (+3.85%) After Hours: 14.10 +0.07 (+0.50%)
MICRON TECH ORD (MU.O)
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side. 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 fall back to the 13.32 area.
If Long, exit all contracts at … 13.02
If Short, exit all contracts at … 14.89
Chart #1 (above, daily, PP-Sup-Res) Micron Tech (MU.O)
- :: Pivot point 13.94
- Support (s1) 13.69 Support (s2) 13.35
- Resistance (r1) 14.28 Resistance (r2) 14.54
- Simple Moving Average (Close 50): $12.92 (uptrend)
- Simple Moving Average (Close 200): $12.58 (downtrend)
- 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 12.67.
- The upper projected target is: 15.46.
- The lower projected target is: 12.70.
- The projected closing price is: 14.08.
Related previous Micron Technologies blog posts:
- MICRON Technology Inc. (MU.O) (d-w-m) (p3)
- MICRON Technology Inc. (MU.O) (d-w-m) (p2)
- MICRON TECH ORD (MU.O) for 1/14/2016
- MICRON TECHNOLOGY INC (MU)
-– Monday, 8/1/2016 thru Friday 8/5/2016 ——
- Thoughts on Brexit
- U. S. government Overseas Assassination 101
- The Cowardly Bombings in Brussels
- SPDR DJ INDUSTRIAL AVERAGE ETF (DIA) July 2016 (d-w-m)
- Index Support and Resistance for Thursday, 6/30/2016
- Index Support and Resistance for Friday, 7/1/2016
- Index Support and Resistance for Monday, 7/4/2016
- Index Support and Resistance for Tuesday, 7/5/2016
- Index Support and Resistance for Wednesday, 7/6/2016
- Index Support and Resistance for Thursday, 7/7/2016
- Correction, pullback, or Bear Market? Part 3
- Correction, pullback, or Bear Market? Part 2
- Correction, pullback, or Bear Market? Part 1
( x) All Links can be opened in a new tab or new window …
Hope the above Micron Tech (MU.O) calculations and charts for Friday 8/5/2016, as well as the rest of August 2016, helps your investing and trading planning today …