Micron Technology Inc, (MU): Anticipate A Bearish Pullback
Micron Technology (MU) stock is experiencing a slight pullback, recently trading near $979 following a surge driven by a massive $250 billion U.S. manufacturing and research investment commitment. The stock faces mild pressure from profit taking and the historic Nasdaq debut of its rival, SK Hynix.
Technical Outlook:
Stock recently broke below the trend support line, at $1,035, after a few months of bullish surge. Price is currently making a retest of breakout, in respect of the structure. We are anticipating a short term sell at this point.
Key Outline:
A confirmed bearish retracement, activates a sell position down to $843, as next possible support.
Thanks for reading.
Technical Outlook:
Stock recently broke below the trend support line, at $1,035, after a few months of bullish surge. Price is currently making a retest of breakout, in respect of the structure. We are anticipating a short term sell at this point.
Key Outline:
A confirmed bearish retracement, activates a sell position down to $843, as next possible support.
Thanks for reading.
Trade ativo
Hold your position to the target!Trade fechado: objetivo atingido
Target favorably achieved!Thank you for following.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.