$MU WATCHING THE NEXT SUPPORT...
$MU WATCHING THE NEXT SUPPORT...
$MU bounced almost perfectly from my first downside target at $847.
I’m not chasing the rebound here.
If the rising wedge breaks lower, the next area I’m watching for a potential bounce is around $780.
That’s the level that matters to me now.
If buyers step in there, I’ll reassess the setup. If it cuts straight through, I’m not forcing the trade.
Momentum can change quickly in semis, so I’m keeping the levels simple and letting price confirm the move.
What’s your first trade idea?
Let’s see what the market gives us.
