Chart of the Day: Micron Pulls Back After Breaking Out


Semiconductor stocks have been moving lately. Today’s chart focuses on memory-chip producer Micron Technology.

The first pattern to consider is the level around $64.30. MU peaked near this price in November, January, March and April. A breakout followed in mid-May followed by a pullback on Monday. Will buyers step in near the previous high, looking for old resistance to become new support?

Next, you have …

For more, please click here to view the related idea and chart analysis on TradingView.

Micron Technology (MU), daily chart with selected patterns and indicators, courtesy of TradingView.
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