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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.  

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