
Likes ReceivedI'm still playing ball, just finished. Let me briefly share the results of the charting.
1. MU started a larger-scale rebound nine days after its earnings report (6/24), just like last time. Micron has a nine-day rule (3/18): peak after earnings, rebound nine days later.
3/16 High 471 retraced to 311, a 66% retracement.
6/24 High 1254 retraced 66% to around 827.6.
The bottom line drawn is at 850, so I estimate this bottom range is 827-850. Micron started rebounding from 891. Strictly speaking, it's still a B-wave. If it can't break above the 1100 high, it will likely continue to decline to find a bottom.
That's why I was so decisive in reducing my position at 1070 during Monday's night session and at SNDK 1900.
Those who bottom-fished at MU 900 and SNDK 1500 now all believed me, so let's suddenly observe the resistance points.
MU 1050-1100
SNDK 1850-1900
As long as it doesn't break above the highs of 1100/1900, it's recommended to reduce. If it feels like it's unwilling to go down in one go and insists on pushing up:
Two words: Hold
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