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When Micron Technology (MU) Moves Investors should Listen

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Micron Technology (NYSE: MU) report below is a real world example. Included are trading plans for MU, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

Longer Term Trading Plans for MU
  • Buy MU slightly over 46.96 target 57.77 stop loss @ 46.82 Details
  • The technical summary data tells us to buy MU near 46.96 with an upside target of 57.77. This data also tells us to set a stop loss @ 46.82 to protect against excessive loss in case the stock begins to move against the trade. 46.96 is the first level of support below 54.62 , and by rule, any test of support is a buy signal. In this case, support 46.96 would be being tested, so a buy signal would exist.

  • Short MU slightly under 57.77, target 46.96, stop loss @ 57.94 Details
  • The technical summary data is suggesting a short of MU as it gets near 57.77 with a downside target of 46.96. We should have a stop loss in place at 57.94though. 57.77 is the first level of resistance above 54.62, and by rule, any test of resistance is a short signal. In this case, if resistance 57.77 is being tested, so a short signal would exist.

Swing Trading Plans for MU
  • Buy MU slightly over 57.77, target 70.13, Stop Loss @ 57.6 Details
  • If 57.77 begins to break higher, the technical summary data tells us to buy MU just slightly over 57.77, with an upside target of 70.13. The data also tells us to set a stop loss @ 57.6 in case the stock turns against the trade. 57.77 is the first level of resistance above 54.62, and by rule, any break above resistance is a buy signal. In this case, 57.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MU slightly near 57.77, target 53.63, Stop Loss @ 57.94. Details
  • The technical summary data is suggesting a short of MU if it tests 57.77 with a downside target of 53.63. We should have a stop loss in place at 57.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 57.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MU
  • Buy MU slightly over 54.82, target 57.77, Stop Loss @ 54.69 Details
  • If 54.82 begins to break higher, the technical summary data tells us to buy MU just slightly over 54.82, with an upside target of 57.77. The data also tells us to set a stop loss @ 54.69 in case the stock turns against the trade. 54.82 is the first level of resistance above 54.62, and by rule, any break above resistance is a buy signal. In this case, 54.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MU slightly near 54.82, target 53.63, Stop Loss @ 54.95. Details
  • The technical summary data is suggesting a short of MU if it tests 54.82 with a downside target of 53.63. We should have a stop loss in place at 54.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MU Ratings for October 06:

Term →Near Mid Long
Rating Strong Weak Weak
P1 0 0 46.96
P2 52.90 50.14 57.77
P3 54.82 53.63 70.13
Triggers may have already come
Support and Resistance Plot Chart for MU

MU Long Term Analysis for October 6 2022

Blue = Current Price
Red= Resistance
Green = Support

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