7.22 Midday MU Market Analysis PoYuan View

Currently around 945.
Key support: 940 - 945. This is the neckline level marked by the dashed line in the chart, and also the earlier high-volume trading area. The current price is retracing exactly to this spot, making it the key line of defense for both bulls and bears.
Resistance above: 1006 (prior high resistance), 980 (short-term rejection).
View: As long as it does not effectively break below 940, the overall upward structure will not be damaged. It is likely to consolidate and then attempt another breakout. If it breaks below 940, it may further dip toward around 900.

Recommendations:
1. You can try a short long in the 940-945 range, set the stop-loss below 935, and target 980.
2. Wait until it holds above 950 before considering entry, or watch whether the 940 support is effective; if it breaks, stay on the sidelines. $MU