Today’s instrument is Micron Technology Inc.‘s stock traded on the NYSE exchange under the ticker MU. 

When we look at the MU‘s chart, we see the fall from the $79 range on the 24th of March into the $76 and the formation of support around the $75 range, followed by consolidation and its climb above the $79 during yesterday’s session, reaching as high as $83. It was last found trading at $82.05, having the closest support level at $79 and a temporary overhead resistance level at $83.

Today we can expect a move towards the $83 challenging the closest resistance level. 

If, however, it doesn’t manage to hold on to the current level then a move towards the $79 closest support level can be expected.

(Click on image to enlarge)