MU is looking at a strong potential reversal to the upside after completing its larger corrective three wave structure. Currently, we have a bullish cup and handle formation and there is a strong likelihood of a break above 99.05 immediate resistance. Momentum indicator is showing strong bullish upside ranging from short to long-term. Ichimoku has shown a three bullish golden cross formation.
Near-term target is at 114.15 and longer-term target is at 170.00. Key support is at 84.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.