$Micron Tech(MU.US) has entered a high-level adjustment phase after completing a large-degree five-wave rise. The current pattern is more likely a WXY corrective structure. It is not advisable to chase the high now, as the stock price has repeatedly hit new highs today, and the Q2 earnings report will be released after the market closes tomorrow.
If the earnings report is positive tomorrow, it is expected to continue rising with a target of 500; if the report is negative, wait for a pullback near the support level before considering entering.
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