Today’s instrument is Micron Technology Inc. traded on the NASDAQ exchange under the ticker MU.
Looking at the MU‘s chart, we see the sharp fall from the $59 level to the current level of around $48.90 which is close to its 52W low.
Today, if it will manage to hold the price above its 52W low which is located at $48.45, we could expect a rise towards its resistance level at around $50.50 otherwise it should fall to a new 52W low.
(Click on image to enlarge)
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