MU - POTENTIAL 52-WEEK HIGHMU - CURRENT PRICE : 118.89
The share price rises almost 111% from the bottom of 07 April 2025 to the high of 26 June 2025. Then the stock starts to pullback. It retraces at Fibonacci golden ratio of 38.2%. Last Friday the stock rises and closed as a bullish LONG WHITE CANDLE with high volume - indicating strong buying interest from investors/traders.
This bullish scenario is also supported by some other indicators such as :
1) Price above 50-days EMA
2) Price closes above ICHIMOKU CLOUD (KUMO)
3) RSI reading at 58.95 (above 50 considered bullish)
4) Price is trading near 52-week high level
With all the evidence mentioned above, now may considered as a buying opportunity. 1st target should be one- or two-dollar below the actual 52-week high resistance level.
ENTRY PRICE : 115 - 119
TARGET : 128 and 135
SUPPORT : 108
