Micro Technology (MU) trades around $860-$877 per share. The stock is stabilizing following a recent multi week pullback, supported by executive commentary indicating that the ongoing high bandwidth memory HBM and DRAM shortage driven by AI demand could extend through 2027.
Technical Insights:
MU is roaming on a bearish momentum. Stock continues to trend on a downward pathway of lower lows and highs, in regards to the structure. Recently we can spot a slight formation of Inverse Head and Shoulders chart pattern, as there is possibility of buy pullback, around this area.
Key Outline:
A confirmed reverse at this point, activates a long position, eyeing $1,000, as next potential bullish.
Thanks for reading.
Technical Insights:
MU is roaming on a bearish momentum. Stock continues to trend on a downward pathway of lower lows and highs, in regards to the structure. Recently we can spot a slight formation of Inverse Head and Shoulders chart pattern, as there is possibility of buy pullback, around this area.
Key Outline:
A confirmed reverse at this point, activates a long position, eyeing $1,000, as next potential bullish.
Thanks for reading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.