Micron Technology Inc. Stock Code MU.NAS
Price broke below the cloud in the previous trading session, hinting at a resumption of the downtrend. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD has turned bearish and is hinting at a bearish price trend with both lines below the zero line. We think price is likely to move lower to the previous low at $51.86 in the next 2-3 weeks.
$51.90 Price Target
$61.10 Risk Management Stop
3 weeks Trade Duration