Micron Technology stock formed a new all-time high, but then pulled back sharply by nearly 15%. In our primary scenario, MU should resume its advance shortly and form a high at even higher levels. Alternatively, the recent peak may have already marked the top. In that case, the stock would already be in a downward move (probability: 32%). This alternative scenario would be triggered by a break below the support at $328.20.
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🚀 Spot trends early with momentum, sentiment & price structure
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
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.