FTXL - Micron: Finally Forcing The Steep Selloff

• This is a dedicated price action analysis of Micron stock. We discuss the critical levels investors should watch, providing them more clarity in their decision-making.
• We cautioned investors in our previous article that more headwinds were on the horizon. Consequently, the market has decided to force a steep sell-down finally.
• The warning signs have been present since January. Over the past six months, the market has set this up to draw in dip buyers, thinking that MU stock was cheap.
• We reiterate our Hold rating in MU stock. We urge investors to give the market some time to inform them of the appropriate entry point using price action analysis.

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