03.11.2015 - Micron Technology may change the negative trend to the positive

The price of Micron Technology has returned to the downward channel, but after several attempts, could not continue to grow and has overcome the resistance at 19.00. Currently quotes are rising after a rebound from the bottom of the channel, and according to our estimates in the near future will return to resistance at 19.00, after which they may continue rising to 20.20, and the upper limit of the downward channel. In case of renewed negative dynamics, the price will drop to 14.00. We expect growth in the medium term, despite the current fall.

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