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When we look at the Micron Technology Inc (NASDAQ:MU) chart, we see the fall from the $79 range on Mar. 24 into the $76 and the formation of support around the $75 range, followed by consolidation and its climb above the $79 during yesterday’s session, reaching as high as $83.
It was last found trading at $82.05, having the closest support level at $79 and a temporary overhead resistance level at $83. Today we can expect a move towards the $83 challenging the closest resistance level. If, however, it doesn’t manage to hold on to the current level, then a move towards the $79 closest support level can be expected.
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