AMD recently within Volume at Price VAP price trading band on the 3 day chart which shows VAP ranges from 2.75 to 3.45 to 4.42.
Intermediate 30minute chart shows VAP ranges where resistance/support begins at 2.90 3.11 3.38 3.63 3.88 4.12
Daytrader 10minute chart shows VAP ranges at 2.77 2.82 2.86
These VAP Bands are as shows on the 30 minute charts, which is intermediate between daytrader and long-term investor timeframe horizon.
Zhone VAP Volume at Price Technical Trading Bands have these ranges.
The next highest levels are 3.12 and 3.46 to show where the trading range support / resistance lines are.
MU Stock Price has Broken Through Above VAP "Volume At Price" Trading Band on the 30 minute chart which is intermediate timeframe investor (just longer than daytrader horizon). This trading price band shows Minimum was $32.50 and the band currently goes to $35.50.
After being pummeled, the past 2+ weeks the Russell 2000 small caps have grown twice the pace of S&P500 as described on Yahooi Finance, having grown 9% vs 4%.
Russell and over a dozen indexes are well above their 50 Day Moving Average in bullish territory.
Zhone CEO needs to reveal the "New Business Unit" and "Growth Plan". Shareholder value and growth is the obsession we want to see concrete acceleration plans on.
Over a Dozen Market Indices have moved above 50 Day Moving Average. This is bullish for MU which was falsely beaten down by MCHP faux fearmongering....at the time when MU Beat+Guided Up at price $34....should be higher from here...
The gross oversold conditions have reversed to the upside where resistance was broken through and is now support.
MU has broken through 50 Day Moving Average Line... Has powered past resistance which is now support. Higher cash flow and buy back is earliest sign of business activity health improving is similar to the other best recovering Tech Bellwethers confirming this improvement in cash flow climate.
as posted on Yahoo Finance by analyst covering Zhone. This was the average market price 1H this year and was rising toward it when 'market mahem' fiasco hit all companies especially small caps.
After ebola proved fearmongering and MCHP faux opinion disproven....
Now the markets have begun to rise for several reasons:
1. Most S&P companies beat Revenue and Profits with significant portion guiding upward
2. Market daily chart MACD indicator turned positive for most markets. This leads to 3 weeks to 3+ months of upcycle based on history
3. CNN Fear & Greed index shows similarly, the markets oversold deeply, have begun its upward swing a similar period as MACD upcycles do
4. Europe began QE. Rumor trial baloon and comments hint that EU may massively enlarge QE to include buying Corporate Bonds, with Angela Merkel giving deference to Mario Draghi being "independent head of Monetary Policy" and agreeing the need to stimulate more. The trend is toward more QE and stimulus.
5. CBS Marketwatch home page shows chart of study that shows 2+ more years of US Recovery and that US Leading Economic Indicators equate to 4.5% GDP. This indicates US economy is accelerating faster than expected. The trend will be toward more guidance upward.
Let's see Zhone CEO's new company growth plan, Business Unit Leader and Organization. He's raised up several companies and their expansion prospects - eventual sell to buyer for handsome profit.
ZHNE to $4
SP500 had strongest week in 3 years. Moneyflow on that index, DOW and others has Risen above 22 day moving average...Money is beginning to scale in.
Europe QE has begun....Expansion of Balance Sheet in Europe will further elevate and liquidify markets.
The economy is accelerating based on historical correlations, as reported by an economist on CBS Market Watch web site.
The US Leading Economic Indicators equate to GDP Growth of 4.5%.
Based on historical correlations he forecasts the market rally length for 2+ years, until at least 2016.
This implies Capital Durable Goods and Telecom spending rising as some leading companies such as INFA and distributor AVNT have started to report.
Microsoft MSFT Beat Earnings by 10% Above Estimates in afterhours.
Broadline Electronics Distributor Avnet AVNT Beat Revenue add Profits in afterhours
European Central Bank considering Enlargening its QE Program, to include buying Corporate Bonds also. Europe Markets Rising and US Futures Markets Rising as this increases International Business Activity, Business Confidence, and Liquidity released into Markets. Details in UK news sites.
Further news by ECB are forthcoming.
Europe and International Revenue receiving a 2+ Year Tailwind as surprise Upside against pessimists.
Today Began QE Buying Up to $1.3 Trillian Bonds to Stimulate Europe Economy. (Bloomberg).
This Liquidifies & Lifts WW GDP & International Revenue. Good for Europe and WW Revenue deals.
Next Germany begins "soon" and "concrete" Fiscal Stimulus to stimulate spending by the regions's largest economy.
Business activity as European liquidity begins to elevate all boats doing International business.
Today the ECB began QE Bond Buying Program... Markets beginning to awaken and like it.
Channel Web UK site reports double-digit PC Shipments which are beginning significant business upcycle.
Demand for DRAM Chips surprise raising chip prices which have gegun upgrades to outperform for Wintel sector MU Micron Technology.
Company forecasts too conservative. (IBM groundhog-day has-been company flat revenue 10 quarters)
Europe Today started QE... Channel Web UK site reports double-digit PC Shipments which are beginning significant business upcycle. Company forecasts too conservative
Europe Quantitative Easing program begins very soon. Europe & Asia and US Futures Markets are Up Strongly on expectations for this coming within days (see Bloomberg news site). This is likely to have 2+ years duration.
Europe QE within days, German Fiscal Upspending will increase international business activity and strengthen Russell 2000 small cap from gross oversold condition, in the face of strengthening US economy.
Hedge funds are heavily in small caps and growth companies and are due for a significant rally.
Market mayhem pulled down small caps...now bouncing. EU QE within days & German Fiscal Stimulus reverse the international (fear) situation for the better with liquidity. Europe & Asia & US Futures Up Strongly on the QE news even
Most companies are beating Topline and Earnings Growth, reports CNBC. After market mayhem, this factual recovery reality is being noticed. US first 82 S&P 500 companies to report results, 68 percent BEAT earnings estimates & 63 BEAT revenue estimates reports FactSet (CNBC news).
Germany Stimulus Spending, US Fed QE4, & EU QE are being served very soon. This puts three new Bernanke Puts under the market.