Tag: MU

CFD Trading – Buy Micron Technology Inc (MU.NAS) at $54.80. Stop at $52.30 and Target at $60.30.

Nicholas

Micron Technology Inc.  Stock Code MU.NAS

Outlook
Price broke above the cloud back on 8 October and reached a high of $54.85 on 22 October.  After reaching the high, a price correction has brought price down to $49.30. The low was also at the lower edge of an uptrend channel, keeping the uptrend intact. In the previous trading session, price broke above a recent high and based on the V-shaped price projection, price could be heading to $60.30. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and has a bullish crossover. We think price is likely to move towards the price target of $60.30.

Strategy                  
$54.80                Buy
$60.30                Price Target
$52.30                Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy Micron Technology Inc (MU.NAS) at $50.80. Stop at $49.00 and Target at $54.85.

Nicholas

Micron Technology Inc.  Stock Code MU.NAS

Outlook
Price broke above the cloud back on 8 October and reached a high of $54.85 on 22 October.  After reaching the high, a price correction has brought price down to $49.30. The low was also at the lower edge of an uptrend channel, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago and above the cloud at the moment and hint of a bullish trend. MACD is bullish and rising, which is hinting of a bullish price trend ahead. We think the correction is over and price is likely to move towards the upper edge of the uptrend channel.

Strategy                  
$50.80                Buy
$54.85                Price Target
$49.00                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 – Micron & Pepsico

Nicholas

Micron Technology Stock Code MU.NAS

Outlook
Price opened up a gap last night. This is a sign of a strong upward movement. While price was capped by the downtrend line from the high and the Base line, MACD momentum is bullish. MACD has been consolidating above the zero line and it looks like MACD could be turning up soon. Price is above the cloud and was supported by the cloud when there was a correction earlier. The correction also managed to stay above the recent low. This is now the support area. The recent decline managed to find support just above the Fibonacci 50% correction point of the rally from the low of $32.20 to the high of 48.81. A break above the downtrend line, Base line and the recent resistance at $45 could lead to a rally to $48.81. As long as the gap created last night is not closed, there is a good chance to seeing a test of this high.

Strategy

$44.73                Buy
$48.80                Price Target
$41.50                Risk Management Stop
3 weeks              Trade Duration

Pepsico Inc Stock Code PEP.NAS

Outlook
Price broke above an important high at 135.24 last night and managed to close above this previous resistance point. As long as price stays above this point, the uptrend should continue. Price is above the cloud, above both the Conversion and Base lines, which is a sign of a bullish trend. Lagging Span confirms as it is above price of 26 days ago as well as above the cloud. MACD also confirms the bullish uptrend. MACD is bullish and both of its lines are above the zero lines. MACD is rising and looks like it will continue to rise in the short term. Using the V Ichimoku price projection, price can go higher to 146.78.

Strategy
$135.30              Buy
$146.70              Price Target
$131.30              Risk Management Stop
3 weeks              Trade Duration

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