MICRON Technology Inc. (MU.O) (d-w-m) 8/5/2016 (p10)


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:

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%)


  Analysis of MICRON Technology’s (MU.O) Daily, Weekly, Monthly, (d-w-m) chart activity through Thursday’s (8/4/2016) close at  $14.03 +0.52  (+3.85%)
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.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at …     13.02
If Short, exit all contracts at …     14.89

mu 20160804d
  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.
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 20160804w
   Chart #2 (above, weekly, PP-Sup-Res)  Micron Tech (MU.O)  Weekly (Monday 8/1/2016 to Friday 8/5/2016)

Related previous Micron Technologies blog posts:

-–  Monday, 8/1/2016   thru    Friday 8/5/2016  ——



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