Micron Technology Inc. Stock Code MU.NAS
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and Base lines could be about to have a bearish crossover. Lagging Span is below price of 26 days ago but is inside the cloud. MACD remains bullish with both lines above the zero line. However, MACD has a bearish crossover and is moving lower, hinting at a bearish price trend ahead. We think price is likely to move lower to the next price support at $74.95 in the next 2-3 weeks.
$74.90 Price Target
$87.40 Risk Management Stop
3 weeks Trade Duration