ImmaculateTony

Technical Analysis for $MU (Micron Technology Inc.)

Lång
BATS:MU   Micron Technology
Technical Analysis for MU (Micron Technology Inc.)

Weekly Chart Analysis:
- The weekly chart indicates a strong bullish trend, resembling a "bullet train," with prices consistently above the five exponential moving average (EMA).
- Bullish momentum appears to be continuing, with the price hovering near a key support level at 106.

Daily Chart Analysis:
- On the daily timeframe, we observe a significant support level near 106, reinforcing its importance.

Four-Hour Chart Analysis:
- Entry opportunities may come up on the four-hour timeframe, especially within the buying zone ranging from 80 to 111.

Conclusion:
- MU exhibits a strong bullish trend on the weekly chart, supported by price action above the EMA..
- Entry opportunities can be explored within the buying zone of 80 to 111, with confirmation signals awaited on the four-hour timeframe.

Thoughts? Leave your comments below!

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.