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.
交易進行
The path is open to $120 👀註釋
Hanging out around $120
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