Unlike August 21, 2015, we got past August 19th, 2016’s third Friday of the month options expiry with Micron Tech pushing to the upside while the broader market stocks and indices struggled.
MACD Value: 0.660 MACD Signal Line: 0.514
MICRON Technology Inc. (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 14.03. Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 13.60. Be prepared for a potential short term price pull back to the 14.76 area.
If Long — exit all contracts at … 13.02
If Short — exit all contracts at … 16.45
- :: Pivot point 16.24
- Support (s1) 16.04 Support (s2) 15.82
- Resistance (r1) 16.46 Resistance (r2) 16.66
- Simple Moving Average (Close 50): $13.46 (uptrend)
- Simple Moving Average (Close 200): $12.48 (downtrend)
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 13.56
- The upper projected target is: 17.72
- The lower projected target is: 14.93
- The projected closing price is: 16.32
Related previous Micron Technologies blog posts:
- MICRON Technology Inc. (MU.O) (d-w-m) for Monday 8/15/2016
- 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)
- Disclosure: I own MICRON Technology’s (MU.O) shares. So, first and foremost, I am doing this “Bull and Bear“, “PROs/CONs“, analysis for myself, as my homework and my due diligence, on my investment in MICRON Technology’s (MU.O). Sharing what I am seeing, opens the door to family, friends, co-workers, neighbors, and readers, to read that which interests them, or that which they asked about, … and ignore that which doesn’t … after all it’s your money. Please feel free to add to the discussion. The (d-w-m) in any of my blog titles advises my readers that the article will include charts, .. daily, weekly, and monthly charts along with observations, analysis, and projections. …
-– Monday, 8/22/2016 thru Friday 8/26/2016 ——
- 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)
- The Eleventh Sector for 2016: Real Estate
- Index Support and Resistance for Monday, 8/8/2016
- Index Support and Resistance for Tuesday, 8/9/2016
- Index Support and Resistance for Wednesday, 8/10/2016
- Index Support and Resistance for Thursday, 8/11/2016
- Index Support and Resistance for Friday, 8/12/2016
- 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 Monday (8/22/2016), as well as the rest of August 2016, helps your investing and trading planning today …