Micron Technology, Inc.(MU): Price Breaks Above Resistance Line
Micron Technology stock (NADAQ: MU) is surging today, up over 12% to $970.99, driven by bullish Wall Street analysts upgrades and a broader rebound in AI related hardware. The massive rally is primarily fueled by optimistic reports from major banks framing recent sector sell-offs as a prime buying opportunity.
Technical Insight:
MU partially broke above the lower resistance line, as of earlier today. Price jumped from $867-$916, in respect to the structure. Stock have been trending on Lower high and Lower low, for a few weeks now. We are anticipating a buy continuation, after retest.
Key Points:
A clear reverse within $891-$914, activates a buy position, eyeing $1,020, as next potential bullish.
Thanks for reading.
Technical Insight:
MU partially broke above the lower resistance line, as of earlier today. Price jumped from $867-$916, in respect to the structure. Stock have been trending on Lower high and Lower low, for a few weeks now. We are anticipating a buy continuation, after retest.
Key Points:
A clear reverse within $891-$914, activates a buy position, eyeing $1,020, as next potential bullish.
Thanks for reading.
Trade ativo
Price is almost at our targetHold your position!
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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.