REDDIT
MU bounced to $975 and now I'm watching for the drop. Bear case feels very much alive
That $975 retest on $MU played out pretty cleanly tbh. Classic bounce-and-reject setup, and now the chart is pointing lower again.
First target I'm watching is $733, secondary around $657. If the trend holds, the $600-$650 zone is in play too. Not saying it's guaranteed but imo the technicals make this a bet worth taking while the setup stays valid.
Been tracking this on moo.moo for a while and the chart pattern kept flashing bearish signals even during the bounce. Hard to ignore.
Anyone else positioned short or is the bull crowd still holding strong here? I keep second-guessing myself every time MU gets any positive news.