Micron Technology Inc. (MU) closed regular trading at $1,045.56, down -1.73%. the mild decline mirrors broader cyclical volatility and sector rebalancing within the semiconductor market, despite the company's powerhouse financial performance. Morgan Stanley maintains an overweight rating with a $1,200 price target.
Technical Insight:
MU is still sustaining its uptrend channel momentum. The stock has been moving in sideways formation for a few weeks now, in respect to the structure. Price is currently approaching the major trend support, as there is possibility of long retracement between $994-$1,016.
Key Point:
A clear pullback around this zone, activates a buy position eyeing $1,131, as next potential
bullish high.
Thanks for reading.
Technical Insight:
MU is still sustaining its uptrend channel momentum. The stock has been moving in sideways formation for a few weeks now, in respect to the structure. Price is currently approaching the major trend support, as there is possibility of long retracement between $994-$1,016.
Key Point:
A clear pullback around this zone, activates a buy position eyeing $1,131, as next potential
bullish high.
Thanks for reading.
تم فتح الصفقة
MU is favorably moving as predicted!
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.