Micron Technology: An Expected Move Towards The $85 Challenging The Closest Resistance Level
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)
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