Photo by Austin Distel on Unsplash
 

Today’s instrument is Micron Technology Inc. traded in the Nasdaq exchange under the ticker MU. 

Looking at MU‘s chart, we see that it was lastly traded at around $58.15. Last night, Fed increased the interest rates an additional 0.25%, and this should have a negative impact on tech stocks, therefore today we should expect a drop in the price towards its support level which is located at around $57 where a technical upward reaction could be possible.

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