MU is coming close to it's previous primary up trend. In my opinion the direction of MU will reverse back on a bullish trend and will eventually break through the resistance line on the chart. You can open a small LONG position now but I like to wait for the better trade setups. A good price to buy is 42.50 with SL at 39. My target for now is above the resistance line.
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Caution, the company is going to release its earnings report in 2 days, there will be a big move after the report. My predication is on the long side however please manage your risks accordingly.
nasdaq.com/article/micron-mu-stock-soars-on-twobagger-prediction-ma-speculation-cm933797
Wall Street has no clue just how valuable MICRON and its products are to other companies within the Technology Industry.
Although the article was printed in March of 2018, we just got tipped off that this could happen soon.
Micron has held talks and could be in talks with several companies.
With Micron trading at dirt cheap levels, it's a prime takeover target.