Micron Technology price seeks a bottom to boost it - Forecast today - 16-04-2024

Micron Technology’s stock price (MU) fell in the intraday levels, amid negative signals from the RSI after reaching overbought levels.

The stock is seeking a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line. 

Therefore we expect the stock to return higher, provided it settles above $117.35, thus targeting the resistance of $130.54. 

Expected trading range: between the support of $117.35 and the resistance of $130.54.

Trend forecast: Likely Bullish