MU worth $815 — are you catching the falling knife?
First, look at the surface: brutal pullback, panic stampede.
From the June ATH at 1255, it crashed more than 35%, and down 30% over the past month. Yesterday the underlying stock closed at 900; today it directly smashed to 790–820 intraday, with a swing of over 10%. The daily MACD forms a dead cross, volume expands, and selling pressure is heavy. Short-term it turns bearish, but 800–820 is a key Fibonacci retracement zone—historically, every time it reaches here, there’s a strong rebound. Either a violent rebound, or it continues to bleed low
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