Micron Technologys stock price (MU) jumped higher in its latest intraday trading, benefiting from the dynamic support of its previous 50-day SMA after successfully overcoming its negative pressure. This comes under the control of the main bullish trend and trading along a supporting trendline, with the stock now preparing to attack the key resistance level of 129.85. However, we note that the RSI has reached extremely overbought levels, excessively so compared to the stocks movement, which may temporarily cap gains.

Therefore, we expect the stock to rise in its upcoming trading, provided it first breaks through the aforementioned key resistance of 129.85, confirming its intention to continue higher, targeting the next resistance at 146.00.

Todays price forecast: Bullish.