$Micron Technology(MU)$ Here's

$Micron Technology(MU)$ Here's a simplified chart going back to March. The horizontal lines mark a couple of Fibonacci retraces.

The Granite Shares and Defiance ETFs really blew out the chart in May and June, and the subsequent retrace was just as sharp. The Leverage Shares ETF (MUG) started moving on Thursday or Friday, but saw little to no volume. The more leveraged the ETF, the less volume and participant coverage each one gets. As many have learned with other targeted ETFs, no volume can leave you trapped if you build any position at all.

Other than that, the chart shows a steady progression in the stock price as the algos remain in buy mode. Last week Micron and SanDisk did well, especially considering SOXL gave up 25% of its value.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":599951786119216,"tweetId":"599951786119216","gmtCreate":1787498989000,"gmtModify":1787628710836,"author":{"id":9000000000000142,"idStr":"9000000000000142","authorId":9000000000000142,"authorIdStr":"9000000000000142","name":"fizzzi","avatar":"https://static.tigerbbs.com/df4fa8f4a07de7855d1ef44804bdd5a9","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":79,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/18e7f13789444c17962335c58e154208","width":"2508","height":"1286"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/18e7f13789444c17962335c58e154208","width":"2508","height":"1286"}],"title":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$&nbsp;</a>Here's a simplified chart going back to March. The horizontal lines mark a couple of Fibonacci retraces.\nThe Granite Shares and Defiance ETFs really blew out the chart in May and June, and the subsequent retrace was just as sharp. The Leverage Shares ETF (MUG) started moving on Thursday or Friday, but saw little to no volume. The more leveraged the ETF, the less volume and participant coverage each one gets. As many have learned with other targeted ETFs, no volume can leave you trapped if you build any position at all.\nOther than that, the chart shows a steady progression in the stock price as the algos remain in buy mode. Last week Micron and SanDisk did well, especially considering SOXL gave up 25% of its value.\n<img src=\"https://community-static.tradeup.com/news/18e7f13789444c17962335c58e154208\" tg-width=\"2508\" tg-height=\"1286\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$&nbsp;</a>Here's a simplified chart going back to March. The horizontal lines mark a couple of Fibonacci retraces.\nThe Granite Shares and Defiance ETFs really blew out the chart in May and June, and the subsequent retrace was just as sharp. The Leverage Shares ETF (MUG) started moving on Thursday or Friday, but saw little to no volume. The more leveraged the ETF, the less volume and participant coverage each one gets. As many have learned with other targeted ETFs, no volume can leave you trapped if you build any position at all.\nOther than that, the chart shows a steady progression in the stock price as the algos remain in buy mode. Last week Micron and SanDisk did well, especially considering SOXL gave up 25% of its value.\n<img src=\"https://community-static.tradeup.com/news/18e7f13789444c17962335c58e154208\" tg-width=\"2508\" tg-height=\"1286\"></body></html>","text":"$Micron Technology(MU)$ Here's a simplified chart going back to March. The horizontal lines mark a couple of Fibonacci retraces. The Granite Shares and Defiance ETFs really blew out the chart in May and June, and the subsequent retrace was just as sharp. The Leverage Shares ETF (MUG) started moving on Thursday or Friday, but saw little to no volume. The more leveraged the ETF, the less volume and participant coverage each one gets. As many have learned with other targeted ETFs, no volume can leave you trapped if you build any position at all. Other than that, the chart shows a steady progression in the stock price as the algos remain in buy mode. Last week Micron and SanDisk did well, especially considering SOXL gave up 25% of its value.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/599951786119216","repostId":0,"isVote":1,"tweetType":1,"viewCount":2,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MU"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":618,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/599951786119216"}