Micron - resistance clearly around $97-$98. Will the earnings outcome lead to a break higher?

Taking a look at Micron ahead of its earnings later on in the week, currently, its shares are trading at around $94.51 a share. The tech company has received some price upgrades recently, institutions are showing great optimism highlighting several benefits and positive guidance projections at the earnings call. Though investors should still act with caution as the stock has now approached its all-time high levels and it is difficult to determine whether this could be a ‘buy the rumour, sell the news’ type of scenario. Nonetheless, from a technical aspect, a positive outlook remains present. Up just over 10% YTD, resistance is clearly located between $97-$98. Week commencing 4^th of March we did see a high of $101.83 but the price soon retraced to current levels. A clear break and close above the trendline resistance (drawn on the chart) could lead to fresh all-time highs, and perhaps spur a fresh rally higher in the near term. The key support now reads $90.16 and a close below would increase the likelihood of a dip towards the 20-day moving average, which currently reads $94.50. Looking at the technical indicators, the MACD remains positive and the RSI no longer sits within the overbought territory as it reads 65.