Micron Technology (MU) rose in its latest intraday trading, supported by the beginning of positive signals from the RSI indicators after reaching extremely oversold levels, along with ongoing positive momentum from trading above its 50-day SMA. All of this comes under the dominance of the main short-term ascending trend.

 

Therefore we expect the stock to rise in its upcoming trading, as long as it remains above the support level of $192.40, targeting the pivotal resistance level of $257.00.

 

Today’s price forecast: Bullish