Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MU stock price showcases a symmetrical triangle pattern on the charts.</a> </li> 
 <li> <span>2</span> <a>Buyers are persisted in accumulating and looking to surpass $75.</a> </li> 
</ul> 
<p>Micron Technology (MU stock) price was trading in an uptrend and showcased a symmetrical triangle pattern, suggesting a breakout for the upcoming sessions. Moreover, the price action shows that buyers have persisted in accumulating the stock and showing bull dominance for the past sessions. Furthermore, the chart structure also favors the bulls showing higher highs sequences and persists in surging by taking support from the lower trendline.&nbsp;</p> 
<p>MU stock price action suggests that buying action will continue, technical parameters signal the same. Moreover, the chart shows bullishness, and if the price surpasses $75, a sharp up-move can be anticipated. The rally will exceed the upper trajectory of $90. Furthermore, the bulls persisted in making long build-ups.</p> 
<p>At press time, MU stock price is trading at $70.18 with an intraday gain of 0.44%, showing bullishness on the charts. Moreover, the trading volume remained at 9.089 Million, and the market cap is $76.868 Billion. However, Analysts maintained a buy rating with a yearly target price of $77.81, suggesting a growth outlook for the upcoming sessions.</p> 
<p>Micron Technology, Inc. provides innovative memory and storage solutions. It operates through the following segments: Compute &amp; Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). The CNBU segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.&nbsp;</p> 
<p>The MBU segment offers memory products sold into smartphone and other mobile device markets. The SBU segment consists of SSDs and component-level solutions for enterprises, cloud, client, and consumer storage markets and other discrete storage products sold in component and wafer forms.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-mu-stock-price-action-shows-bullishness-on-daily-charts-strong"><strong>MU Stock Price Action Shows Bullishness on Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-1024x464.png" alt="" class="wp-image-166290" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-204.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: MU Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, <a href="https://www.thecoinrepublic.com/2023/08/04/will-mu-stock-price-reach-near-its-20-day-moving-average/" target="_blank" rel="noreferrer noopener">MU stock price</a> shows a symmetrical triangle patter. A breakout is imminent. Buyers persist in accumulating the stock and shows a reversal from the support zone of $50.&nbsp;</p> 
<p>MU stock gained momentum and continues gaining traction. Moreover, the price is near the 61.8% Fib level and close to the upper Bollinger band, indicating that a follow-on-buying move will soon be headed toward the swing of $80.</p> 
<p>The RSI curve is in the overbought zone, showing a bullish divergence and forming a positive crossover on the charts.</p> 
<p>The MACD showed a bullish crossover. The green bars on the histogram indicate a positive outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;</h4> 
<p>Micron Technology (MU stock) price is in an uptrend. The price persists in gaining traction, forming higher highs sequences in the past sessions. Moreover, the price is close to the upper trendline of the symmetrical triangle pattern and suggests a breakout in the upcoming sessions. If the price surpasses $75, a sharp rally toward $90 in the upcoming sessions can be anticipated.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $65 and $50</p> 
<p>Resistance Levels: $75 and $90</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Is Micron Tech. Stock (NYSE: MU) an Ideal Candidate To Go Long?

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