Micron surrounded with negative signals - Analysis - 16-01-2019

Micron Technology's stock fell 1.96% in the last session, or 0.68 points, with negative pressure from the 50-day SMA, as a negative divergence formed in the Stochastic indicator as shown below the attached chart, with negative signals from it, coupled with the complete dominance of the main downward trend in the medium and short terms. 

Therefore we expect more losses for the stock, especially if it settled below 34.18, targeting the support of 28.39. 

Expected trend for today: Bearish