Key insights
- A technical trader is seeking opinions on Micron's (MU) bearish trend, questioning whether it will continue down to the $360s or $350s, or if a bounce is imminent. The post highlights the use of RSI, MACD, and support levels to gauge the stock's trajectory, reflecting a slightly negative sentiment.
Has anyone here been tracking MU lately? Looking to get some input from technical traders. Right now it’s looking really bearish to me, but I’m trying to gauge how much downside is actually left. Do you think MU could drop into the 360s or even 350s from here, or are we close to a bounce zone?
Curious how you’re all reading it key support levels below current price, whether the trend is continuing down or nearing exhaustion and are the indicators (RSI, MACD, volume) confirming weakness or divergence?
Would appreciate any technical breakdowns or alternate views. I am relatively new to technical analysis and would love to see what others think. Based off current trends, I think it will continue to go down to 360s unless there’s another tweet.
On a side note: I understand it is impossible to talk about stocks without talking about politics but at least keep it civil. Also, if you must call someone names let’s not insult animals by comparing a certain individual with them.