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Tech Bubble High Yields Amazing Short Level On Micron Technology $MU

It is rare one discovers a trend line stretching back 17 years, but here it is. Shares of Micron Technology, Inc. (NASDAQ:MU) are approaching a resistance trend line that is found by connecting the high from 2000 to the high from 2014. The trend line will allow Micron Technology to hit an approximate high of $26.50 before it is tagged. Once that happens, expect another major dip, the likes of which mirror the previous to drops off the trend line. In other words it should be big. I would expect a pull back as low as $20 in the near-term, once that level is tagged.

Stock chart analysis yields strong sell on Micron Technology