Analysis of Micron Technology shares and expected purchase areas

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.