š„LONG $MU rebounded from Samsungās scare, regaining strengthš„
$MU sank to $888.98 when Samsung tumbled 9% and dragged down the entire memory sector ā but it has already bounced strongly and is back at $917.80, reclaiming ground with consecutive green candles.
The setup: enter if it holds above $918, or place a limit at $910 to get a better price on the pullback.
Stop loss: $900 (below the recent bounce zone).
Take profit 1: $930.
Take profit 2: $940-943 if the bounce keeps its momentum.
šŗ Holds above $918 ā the bounce confirms the Samsung scare was overblown, and it should push toward $930
š» Breaks below $900 ā Samsung contagion reasserts itself; exit quickly
When a stock drops due to another companyās spillover (not its own issues) and then rebounds, it often recovers a good portion of the fall.
Do you enter the Micron bounce, or do you wait for confirmation? š
#MU #Micron #Semiconductores #Trading
$MU sank to $888.98 when Samsung tumbled 9% and dragged down the entire memory sector ā but it has already bounced strongly and is back at $917.80, reclaiming ground with consecutive green candles.
The setup: enter if it holds above $918, or place a limit at $910 to get a better price on the pullback.
Stop loss: $900 (below the recent bounce zone).
Take profit 1: $930.
Take profit 2: $940-943 if the bounce keeps its momentum.
šŗ Holds above $918 ā the bounce confirms the Samsung scare was overblown, and it should push toward $930
š» Breaks below $900 ā Samsung contagion reasserts itself; exit quickly
When a stock drops due to another companyās spillover (not its own issues) and then rebounds, it often recovers a good portion of the fall.
Do you enter the Micron bounce, or do you wait for confirmation? š
#MU #Micron #Semiconductores #Trading
