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 attivo
Hold your position to the target!Trade chiuso: obiettivo raggiunto
Target favorably achieved!Thank you for following.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.