Based on the chart, I would prefer to be a buyer in the $32.50 to $33 range, and a seller in the $42 to $42.50 range. A weekly close under $32.50 opens up the risk of a bearish head and shoulders pattern being triggered that targets $22.50 on the downside. If I were a buyer around $32.50, I’d look to use $30 as a hard stop. Although I’d be a seller of at least half a long position at $42.50, I wouldn’t tempt a short there. A breakout above $42.50 brings $50 into play quickly.
Essentially the technician is unsure the bottoming process has completed.
After the rescinding of the Huawei ban and the inception of the trade dispute between South Korea and Japan, MU’s revenue outlook is better than expected.
Technically oversold so might have a short-term weakness for BTFD. Longer term expect to climb above $60
Nvidia Is the Best Large-Cap Chip Maker to Own Now, Analyst Says
RBC Capital Markets’ Mitch Steves reiterated an Oupterform rating on the shares and raised his price target to $251 from $217.
You and me know that coronavirus scare is BS, only @manch believe it. Is completely not lethal to anybody who is young and after 2nd mutation. You have to eat the bat to die from the virus. Anyhoo, Gilead has the potential vaccine, after a few months, everybody would forget about it and wonder what was the scare.
An article using TA for long term price behavior, hopefully you can now do away with the thinking that TA is short-term. Btw, make $$$ trading MU Now holding about 2000 delta
This test looks incomplete due to Wednesday’s shooting star candlestick at the January high, suggesting that the stock will head into another test at 50-day EMA support near $55. With a little luck, a dip into the Feb. 4 gap between $54 and $55 will mark a low-risk buying opportunity, ahead of a breakout that allows the stock to clear 2018 resistance and take the next step on its multi-decade journey back to the 2000 peak.
Micron Technology stock has shaken off virus headwinds and could break out soon, potentially heading into the upper $70s.
My EW interpretation is at least $71, most probably somewhere $80-$100 before a correction.
Recent high =$61.19
I understand lot of terms the investopedia author says. Whatever he said, if someone follows, it works some times and short term, but not at all long term. If someone trades based on his ideas, most likely losses are more than success.
Just 50-day SMA & 200-Day SMA and cross over is almost 7 month term.
Author is doing it for publicity, and there is no real value behind. If someone, really good at 100% (even 80%), why should they publicize as they can get millions (or even billions like Jim Simon) .
Long term, fundamentals are they key, that is why stocks are going up or down based on events and it is future financial impacts. This has been like this ever since stock market started.
Those who understand the fundamentals, clearly make a difference of their returns in addition to whatever short term TA is used.
Just like I did for AMZN, GOOGL, today I grabbed TSLA at $735 at pre-market as I understood lot of people were scared when TSLA sends follow-on shares for 2B, but it gives TSLA an edge for growth !
I show proof. TA does apply for long term. And using DCF (well known professor example) doesn’t work well for trading.
First you said TA doesn’t apply to long term.
Show you many times it does.
Now you said, not accurate and time delay. These are characteristics of different TA indicators, some of them not relevant to a certain investor profile. You have to use the right ones.
My point is TA does apply to long term. You have yet to show concrete example to prove otherwise.
Halved recently waiting for the inevitable correction, seem to have started today 
Now holding about 2000 delta 
