Micron Technology $MU continues to be in a recovery mode, along with the general stock market since late December. The daily chart below shows MU breaking through several resistance levels since finding support around $28 per share.MU Daily Chart(click to enlarge)Bullish Breakout:- At the turn of the year, after pushing above resistance at $33, MU confirmed that level as support.- Then, it broke above the $36.60 pivot and coincidentally above a falling channel resistance. This resistance also became support.- The latest resistance is around $40, and the market is cracking this instead of selling sharply. - There is a good chance of a bullish breakout, but it does not necessarily mean bullish outlook.- A key resistance lies in the $45-$47.50 area. Resistance Ahead:- This area is a previous support/resistance area.- It also involves the 200-day simple moving average.- If the RSI pushes above 70 and price gets to the $45 area, we should anticipate resistance and some selling back towards $40 or lower.- A pullback would likely push price lower than $40 if the overall market is also back in contraction mode. - I personally think there is more choppiness and pain ahead, but the current risk-on mode seems to be running strong, so I would anticipate some more upside in the short-term in names like MU, which has been almost in lock-step with the general market at least since October. - But because I still anticipate choppiness, I am focusing dry powder around $33-$34 in anticipation of a pullback. - This is an adjustment from December's/January's plan, when I had dry powder for $28 (the market came so close in December). - But if price can push to $45 before retreating, I would be convinced that the bearish correction mode has shifted to at least a sideways mode if now already back into a bullish one. Thus I would push up my entry order.