Micron gives in to negative pressure - Analysis - 06-12-2018

2018-12-06 13:30:49 GMT (Economies.com)
Micron gives in to negative pressure - Analysis - 06-12-2018
 

Micron Technology's stock plummeted 7.87% in the last session, or 3.15 points, after touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term, and with negative signals from the RSI after reaching overbought levels 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 34.18, as long as the resistance of 40.68 holds on. 

 

Expected trend for today: Bearish  

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0096
0.8406%
1.2573
-0.0130
1.0253%
14.620
-0.001
0.003%
51.143
-1.102
2.109%
60.16
-1.26
2.05%
1239.940
-8.100
0.649%
 
 
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