$MU didn’t really “crash” to $820..
Liquid’s weekend market is thin and leveraged. With Nasdaq closed, a few sellers can push price down fast, trigger automatic liquidations and those forced sales push it even lower.
Once the forced selling stopped, $MU bounced back toward $870.
So I’d read $820 as a liquidity/liquidation wick, not real price discovery.
Monday’s actual Nasdaq trading matters far more.
Liquid’s weekend market is thin and leveraged. With Nasdaq closed, a few sellers can push price down fast, trigger automatic liquidations and those forced sales push it even lower.
Once the forced selling stopped, $MU bounced back toward $870.
So I’d read $820 as a liquidity/liquidation wick, not real price discovery.
Monday’s actual Nasdaq trading matters far more.