MU should bottom around 50$
~50$ seems a good entry point for MU. RSI is close to the historical bottom, already beyond more recent corrections. YTD trend line support indicates it should bottom around 50$. Targeting 75$+ for Y/E.
Note
After hitting the targeted bottom area, MU did a strong bounce and continued to rally. We might retest the July 3rd close before attacking the descending resistance line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.