
A Good Opportunity to Buy Back Micron Shares with Low Risk
Micron Technology shares continued their strong upward trend
after breaching previous resistance levels, which were located
around $130. The stock was able to establish several strong demand areas,
a strong indication of buyer control.
If the first demand area, located at $132.60, is corrected,
we are expected to see a resurgence
to targets set at $144 and $157, respectively.
If the first buy areas are broken, we may see a decline to the following areas,
which are considered very important and key demand areas, located around $130.
From there, we are expected to see a resurgence in the stock.
In general, any correction in the stock will be a strong opportunity to buy back.