Micron Technology – Page 2

CFD Trading 13 May 2019

May 13, 2019June 6, 2019Nicholas

Micron Technology Inc Stock Code MU.NAS

Outlook

Price has just broken below the cloud, which could be the first sign of a change to a bearish trend. Price is also below the Conversion and Base lines. Both lines are pointing lower. These are signs of a bearish trend. Price is also capped by an uptrend trend line. MACD has had weaker momentum peaks while price was moving higher. This is also another sign of a bearish trend in the making. Any price rally is likely to be capped by the Base line and the cloud at $40.40. We think this could be a good location to get into a short position for a decline to $36.63 or $32.64.

Strategy

$40.40 Short Sell
$32.65 Price Target
$41.60 Risk Management Stop
4 weeks Trade Duration

Advanced Micro Devices Inc Stock Code AMD.NAS

Outlook

Price managed to hold above the edge of the cloud and on Friday, managed to close above the previous 5 days’ high. It also managed to close near its day high. This could be a sign the correction is over and a rally is about to begin. MACD, which has been declining since the start of April 2019, is showing sign of a turnaround. This could trigger the start of a rally to $32.62. If price goes below the cloud at $25.50, it could signal the end of the rally and a major price correction is unfolding.

Strategy

$27.70 Buy
$32.60 Price Target
$25.50 Risk Management Stop
4 weeks Trade Duration

CFD Trading 13 May 2019

May 13, 2019May 30, 2019Nicholas

Micron Technology Inc Stock Code MU.NAS

Outlook

Strategy

$40.40 Short Sell
$32.65 Price Target
$41.60 Risk Management Stop
4 weeks Trade Duration

Advanced Micro Devices Inc Stock Code AMD.NAS

Outlook

Strategy

$27.70 Buy
$32.60 Price Target
$25.50 Risk Management Stop
4 weeks Trade Duration

CFD Trading 22 March 2019

March 22, 2019June 7, 2019Nicholas

Bank of America Corp Stock C ode BAC .NYS

Outlook

Price reached a high of $30.13 on Tuesday but was accompanied by a bearish warning from MACD. Federal Reserve’s decision to pause rate is also weighing on price. Market expectation of a possible cut next year led US 10-year Treasury yields lower, which dragged banks’ shares lower as well. While price is still above the cloud, both Conversion and Base lines have a bearish crossover. MACD is about to turn bearish as well.

Strategy

$28.18 Short Sell
$25.50 Price Target
$29.70 Risk Management Stop
3 weeks Trade Duration

Micron Technology Inc Stock Code MU.NAS

Outlook

Price rose yesterday on a good set of earning results to the previous high price of $43.97. A gap created indicated the strong bullish price movement yesterday. A bigger candle yesterday, compared to the previous 5 sessions also helped to confirm the strong price trend. Conversion and Base lines crossover to give a bullish buy signal with price above the cloud. MACD is turning up from near the zero line. Both these signals could help to push price above the previous high’s resistance. A break above the resistance is likely to bring price higher to the next resistance point at $48.80

Strategy

$43.99 Buy
$48.80 Price Target
$40.50 Risk Management Stop
3 weeks Trade Duration

CFD Trading 6 March 2019

March 6, 2019June 7, 2019Nicholas

Micron Technology Inc Stock code MU.NAS

Outlook

Price has moved in a nice trend channel since the bottom at $28.38 in Dec 2019. Yesterday, price dropped below the trend channel and closed below the channel. This could be a hint of an end of the rally. Price also closed below the Base line as well. MACD has a divergence warning earlier when price was on the rise, hinting of a possible price high. MACD is still bullish but is turning down. If price stays below the trend channel, it is likely to move back to test the previous low at $37.45.

Strategy

$40.15 Short Sell
$37.45 Price Target
$42.15 Risk Management Stop
2 weeks Trade Duration

Netflix Inc Stock Code NLFX.NAS

Outlook

Price resumed its advance after a pullback in mid Jan 2019 from the Dec bottom. The second rally could have ended at $371.49. There were 3 red candles with each candle getting bigger than its preceding candle. This is a sign of a more bearish price movement. Price has moved below the Conversion line and is now sitting on the Base Line. A break will confirm the downward movement and bring price back to the cloud support at $319. MACD is showing bearish divergence warning of a possible top in the making.

Strategy

$356.90 Short Sell
$328.10 Price Target
$368.00 Risk Management Stop
3 weeks Trade Duration