Micron Technology (
MU) delivered a textbook bounce in April — right off major monthly support around $65, which also aligns with a trendline dating back to 2015.
This bounce came during a broader market pullback, andMU showed strength with the overall market rebounded.
Since then, price has climbed into a critical level of resistance/support at $97 — a key area to watch ahead of earnings on June 25th.
IfMU can break and hold above $97, that opens the path toward the $120 zone. If not, we could see a retest of lower levels post-earnings.
📅 Watch how price behaves around $97 leading into earnings.
MU) delivered a textbook bounce in April — right off major monthly support around $65, which also aligns with a trendline dating back to 2015.This bounce came during a broader market pullback, and
MU showed strength with the overall market rebounded. Since then, price has climbed into a critical level of resistance/support at $97 — a key area to watch ahead of earnings on June 25th.
- Long-term trendline support from 2015
- Analyst average target: $123
- TradingView rating: Strong Buy
- Next resistance = $97
- Major earnings catalyst in late June
If
MU can break and hold above $97, that opens the path toward the $120 zone. If not, we could see a retest of lower levels post-earnings.📅 Watch how price behaves around $97 leading into earnings.
Trade active
The path is open to $120 👀Note
Hanging out around $120
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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.
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.