Micron Technology Inc. (MU) closed regular trading at $1,045.56, down -1.73%. the mild decline mirrors broader cyclical volatility and sector rebalancing within the semiconductor market, despite the company's powerhouse financial performance. Morgan Stanley maintains an overweight rating with a $1,200 price target.
Technical Insight:
MU is still sustaining its uptrend channel momentum. The stock has been moving in sideways formation for a few weeks now, in respect to the structure. Price is currently approaching the major trend support, as there is possibility of long retracement between $994-$1,016.
Key Point:
A clear pullback around this zone, activates a buy position eyeing $1,131, as next potential
bullish high.
Thanks for reading.
Technical Insight:
MU is still sustaining its uptrend channel momentum. The stock has been moving in sideways formation for a few weeks now, in respect to the structure. Price is currently approaching the major trend support, as there is possibility of long retracement between $994-$1,016.
Key Point:
A clear pullback around this zone, activates a buy position eyeing $1,131, as next potential
bullish high.
Thanks for reading.
Сделка активна
MU is favorably moving as predicted!
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.