26.08.2016 - We forecast the fall of Micron Technologies
Price of Micron Technologies has reached the resistance level at 16.50 and is currently consolidating around the upper limit of the downward channel. Now there is a high probability of price correction in the descending channel with potential targets at 15.00 and 13.60. In this case, the stop should be set above the resistance at 16.50. Our medium-term outlook remains positive, but we expect a decline in the near future.