Micron Technology Could Move Towards Resistance
Looking at the Micron Technology (NASDAQ:) chart, we can see its been trading in a channel for the past month between support of $80.80 and resistance of $87.80.
Micron Technology announced its last night, beating market expectations. So, we expect the stock to climb and test its resistance level at around $87.80.
If able to pass it, it should approach its next resistance level at around $89. Otherwise, it could drop back towards its support level at approximately $83.50.
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