TradingKey – Micron (MU) stock price has undergone a continuous pullback recently, recording a four-week losing streak last Friday (October 23). Following recent continuous pullbacks, the stock rebounded last Friday. As of that day’s close, after dropping 6.26% in a single day on October 22 to touch a low of $849.25, the latest rebound has temporarily established short-term support around $850.

Micron Stock Price Daily Chart, Source: TradingView

From the daily chart of Micron’s stock price, the stock has undergone a continuous pullback recently, at one point retesting levels above the 144-day moving average. It formed a bullish candlestick above the 144-day moving average last Friday, indicating a high probability that the decline has…