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$MU DOWN 8.8% – OVERSOLD RSI AT 25. BOUNCE IMMINENT?!"
MU has dropped 8.8% today, sitting at $888.82. RSI is at 25 – the lowest reading in three months. The 4-hour chart shows a **hammer** pattern forming at support – a classic reversal signal. Support sits at $880, which has triggered bounces multiple times.
If MU holds $880, I'd expect a move toward $920 and $950. A break below would open the door to $850.
The selling pressure is exhausting – volume is declining as price drops.
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