Price 877.56 (+20.55 / +2.39%), After-hours ~879.85.
Day range: 858.34 – 891.88.
MA5: 878.05 | MA10: 880.87 | MA30: 880.10 (price sitting right on the short-term MA cluster).
MACD(12,26,9): MACD -1.08, DIF -0.26, DEA 0.82 → still negative / weak.
K-line structure.
Sharp sell-off into the 849.26 low (clear rejection / demand zone).
Strong rebound with a series of green candles that pushed into 891.88.
After the high, price is consolidating sideways-to-slightly lower with mixed candles (small bodies, some upper wicks).
Short-term MAs (5/10/30) are tightly coiled around 878–881 → classic “decision zone”.
On this timeframe the bounce looks constructive, but MACD has not flipped bullish yet and the broader daily trend is still in a short-term downtrend (price well below the 20/50-day MAs near 950–980).
Overall: short-term bounce inside a larger pullback. Bulls defended 849–860 well; bears still control the higher timeframe until price reclaims the 900–920 area with strength.
Key levels
Type
Level
Notes
Strong support
849 – 858
Recent low + day low
Near support
870 – 875
Current MA cluster
Resistance 1
888 – 892
Today’s high
Resistance 2
900 – 912
Psychological + prior structure
Bigger resistance
930 – 955
Short-term MA cluster / prior support-turned-resistance
Trade plan ideas
Bias: Cautious long on dips / wait for confirmation (higher timeframe still corrective)
Plan A – Long (preferred if you want to play the bounce)
Entry zone: 870 – 878 (pullback into MA cluster / previous support)
Aggressive entry: Break & hold above 892 with volume
Stop-loss: Below 858 (or tighter under 865 if entering higher)
Targets:
T1: 900 – 905
T2: 920 – 930
T3 (stretch): 950+
Risk-reward: Aim for at least 1:2. Move stop to breakeven after T1.
Plan B – Short (if rejection continues)
Entry: Rejection from 888–892 or breakdown below 870 with momentum
Stop: Above 895–900
Targets: 858 → 849 → 830
Only valid while price stays under the MA cluster and MACD remains negative.
Extra notes
Weekend / extended-hours trading can be thin → wider stops or smaller size recommended.
MACD is still below zero; a positive crossover would strengthen the long case.
Bigger picture: MU remains in a long-term uptrend (above rising 200-day / 30-week MA), but the recent 18–20% pullback from the highs needs time to base. AI memory demand is still the fundamental tailwind.
Risk management first: Position size so a full stop equals 0.5–1% of capital. No FOMO on the open.