May 26 Chart of the Day - Micron
While most traders are buzzing about Nvidia's (NVDA) stock going supersonic and making new all time highs Micron (MU) is up significantly as well. While maybe not quite a meteoric rise but one that has turned fruitful for some patient investors and traders.
With that said, Micron's stock price may be approaching some overhead resistance in the $74-$76 area.
With momentum clearly on its side can the Micron bulls power up through it to approach the $80+ area or retreat back down towards $70 or below?
Nobody knows for sure but using support/resistance, trend, a supply zone, and Fibonacci traders and investors can develop price levels of interest in both directions.
Take a look at the charts and let us know what you think.
We'd like to hear from you in the comments sections.
Have a chart you'd like to see featured?
Send requests at https://stockchartpros.com/community/contact
Would you like charts like this delivered directly to you every day? ChartPros Trade Room is offering a 7-day free trial at this link.