- 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.
For further details see:
Micron: Finally Forcing The Steep Selloff