Micron Technology Inc. Stock Code MU.NAS
Price broke above the cloud back on 8 October and reached a high of $54.85 on 22 October. After reaching the high, a price correction has brought price down to $49.30. The low was also at the lower edge of an uptrend channel, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago and above the cloud at the moment and hint of a bullish trend. MACD is bullish and rising, which is hinting of a bullish price trend ahead. We think the correction is over and price is likely to move towards the upper edge of the uptrend channel.
$54.85 Price Target
$49.00 Risk Management Stop
3 weeks Trade Duration