16.08.2016 - Micron Technology shares may correct within the channel

Price of Micron Technology has shown strong growth inside the rising channel and reached its upper limit. In the near future, quotations may continue to rise to 16.50 and 18.00, but for this the price needs to gain a foothold above 15.00. In case of correction, the price will fall to 15.00 and 14.00. Our medium-term outlook is positive, but in the near future there is a high probability of correction by 10-15%.

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