Tag: Micron Technology

CFD Trading – Sell Micron Tech Inc. (MU.NAS) @ $57.70. Stop @ $61.10 and Target @ $51.90.

Nicholas

Micron Technology Inc. Stock Code MU.NAS

Outlook

Price broke below the cloud in the previous trading session, hinting at a resumption of the downtrend. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD has turned bearish and is hinting at a bearish price trend with both lines below the zero line. We think price is likely to move lower to the previous low at $51.86 in the next 2-3 weeks.

Strategy                  

$57.70                Sell

$51.90                Price Target

$61.10                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Sell Micron Technology Inc. (MU.NAS) @ $82.90. Stop @ $87.40 and Target @ $74.90

Nicholas

Micron Technology Inc. Stock Code MU.NAS

Outlook

Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and Base lines could be about to have a bearish crossover. Lagging Span is below price of 26 days ago but is inside the cloud. MACD remains bullish with both lines above the zero line. However, MACD has a bearish crossover and is moving lower, hinting at a bearish price trend ahead. We think price is likely to move lower to the next price support at $74.95 in the next 2-3 weeks.

Strategy                  

$82.90                Sell

$74.90                Price Target

$87.40                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Sell Micron Technology INC.(MU.NAS) @ $45.80. Stop at $50.20 and Target at $39.35

Nicholas
Micron Technology Inc Stock Code MU.NAS

Outlook
Price broke below the cloud on 11 Aug 2020 and two days later, there was a gap down, reinforcing the bearish trend. Price has also broken below a four-month uptrend channel as well. Both of these action, reinforces the bearish trend. Conversion and Base lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. Lagging Span is near to the lower edge of the cloud and another lower closing would likely moved the Lagging Span below the cloud. MACD is bearish with both its lines below the zero line. MACD is also moving lower as well, hinting of more price declines ahead.

Strategy               
$45.80                Sell
$39.35                Price Target
$50.20                Risk Management Stop
3 weeks Trade Duration

CFD Trading – Buy Recommendation Micron Technology(MU.NAS)

Nicholas

Micron Technology Inc. Stock Code MU.NAS

Outlook
Price broke above the cloud on 27 May 2020 and reached a high of $54.82 on 5 June 2020. After reaching this high, a price correction brought price to a low of $47.10, which was also above the Ichimoku cloud. There was another price correction but the second pullback did not go below $47.10, maintaining the bullish trend. Conversion line and Base line had a bullish crossover on Friday, hinting of an end to the correction and the start of the bullish trend. Lagging Span is above price of 26 days ago and also above the cloud as well, confirming a strong bullish trend. MACD is bullish confirming a bullish trend ahead. We are expecting price to test the previous high of $54.82 in the short term and to establish a new high around $56 in the longer term.

Strategy                  
$48.20                Buy
$54.80                Price Target
$45.95                Risk Management Stop
3 weeks              Trade Duration


CFD Trading – AT&T & Micron Technology

Nicholas

Micron Technology Stock Code MU.NAS

Outlook
Price made a Double Top at $51.30 two days ago and has started to decline. Ichimoku is warning of a price reversal. A move below $49 would confirm the breakdown and the end of the uptrend and the start of a correction. Price is now below the Conversion line. We think price may have made a temporary high and could be heading to the cloud support at $44.00. MACD has given a bearish divergence warning, hinting of a price high and further price decline.

Strategy
$49.16                Short Sell
$44.20                Price Target
$51.35                Risk Management Stop
3 weeks              Trade Duration

AT & T Stock Code T.NYS

Outlook
Price has been on an uptrend since early Mar 2019 when it broke above the cloud. Price reached a high of $38.75 on the 11 Sep and corrected to a low of $36.49. We had a Doji at the low of $36.49 and a strong bigger candlestick on the breakout of the consolidation pattern. During the correction, price had managed to stay above a gap created on 9th Sep. If price does not close the gap, price is likely to move higher to $41.30 based on the Midway gap price forecasting method. MACD is bullish.

Strategy
$37.80                Buy
$41.30                Price Target
$36.30                Risk Management Stop
3 weeks              Trade Duration