Micron Technology Stock Forecast: Resistance in low $90sin the past year. The range high at $98.45 on January 5 was higher than its counterpart in April 2021 and also above the previous all-time high of $97.50 all the way back in July 2000. The range low in October 2021 gives us the bottom support at $65.57.
If earnings and guidance strongly beat estimates, MU shares will first have to overcome the 9-week moving average at $82.66 and then the 20-week moving avearge at $85.06. Once that is done, if it is done, then the supply zone between $90.10 and $94.07 comes into view. This area should provide strong resistance to any major upward move and will most likely halt any meme stock-style rally from getting out of hand.
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