MU - Micron Technology share prices have gained 10% since my callout five trading sessions ago. Share prices have increased significantly in the past three trading sessions on hopes of a resolution to the U.S.-China trade dispute. Shares prices have gapped to the upside in four consecutive trading session. This is a strong sign of leader in the computer chip sector. We might see more run to the upside soon if the trade dispute is settled within the scheduled time frame. Share prices closed Thursday session at 49.03 up 4.74%.
The next challenge is to remain above 47.65 and try and breakthrough it's next resistance price level at around 49.75. A breakthrough 49.75 could see share prices progress to approximately 52.25 and 53.90. The current support price level remains at 49.65, 46.40, and 44.20
The next challenge is to remain above 47.65 and try and breakthrough it's next resistance price level at around 49.75. A breakthrough 49.75 could see share prices progress to approximately 52.25 and 53.90. The current support price level remains at 49.65, 46.40, and 44.20
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.