A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Technical analysis of Micron Technology (MU) reveals a significant setup. Currently at $920.95, the asset is showing downward momentum (-6.99%). The primary technical feature is a Descending Triangle formation. Volume is average (0.86x avg) with moderate trend strength (11.2). A potential breakout level is identified at $804.0, targeting $353.19 with support near $1011.77 (R:R 2.17).
What is your outlook on MU?