$MU ‌ Brothers, MU has been hit quite hard in this move, directly slaughtered over 7 points in 24 hours, bottoming out at 934.73! The hourly big bearish candle directly broke through the lower Bollinger Band, a textbook bearish breakdown with one-sided dumping, and the bulls didn't even put up a symbolic resistance.

Don't be fooled by all the hype from Citigroup and the good news about building a factory in Japan flying around. The record high in June's RWA holdings shows that the main funds were already playing at high levels. Now the underlying US stock has fallen back to $975. This is what they call the drag from the underlying stock, with all the good news priced in! Plus the panic caused by the big short Burry reversing his position to go short.
For the short term, the ceiling resistance is around 965, and if it breaks through, look at the 1000 mark. The floor support is at the psychological level of 920, and if it can't hold, directly look at 900.