Taking a look at Micron as it’s the first out of the semis to report earnings this coming Wednesday. Currently, its stock is trading at around $93.37 a share and it seems like a possible breakout attempt is underway on the daily chart. The potential double-bottom pattern from last week is providing some support here heading into the earnings, with the price now moving above the trendline resistance. The stock’s shares are up 2.3% on the day, perhaps boosted by the 50bps Fed cut last week as investors turn somewhat more optimistic. However, further gains could now be limited as the earnings approach. The next point of resistance here is the level of $98.36, a move above here may then shift the attention towards the August high of $110.92. Towards the downside, a break below the double-bottom formation would be needed for possibly a deeper sell-off. A break below this base of around $84-$85 could lead to an extension towards the February low of $79.11. The technical indicators suggest bullish momentum is present as the MACD has turned positive once again after forming a higher low and the RSI is no longer bearish as it reads 49.