MU is framed as a buy-the-dip setup after China CXMT’s “magic chip, 4F squared” claim sparked a 5% selloff and a four-day slide into the 937 area, with 902 still the key downside support. The thesis is that MU remains in a long-term uptrend, is outside the Bollinger Bands, and is nearing an RSI/band reversal zone that has worked before, including a prior rebound from 737 to 1036. NFLX is another swing-trade idea on earnings, with a dip toward 63 expected to get bought, while POET, SOFI, and other names are flagged for pulling back to historic or critical support. A sponsored Chart Goat University segment pitches custom TradingView Goat Scalp levels and an A+ dashboard built around opening range, 9 EMA, VWAP, RSI, and daily trend.
MU dropped 5% after CXMT said it has a “magic chip, 4F squared” and is “coming for you,” with the move framed as panic-driven selling on headline news.
MU was down for four straight days and traded to around 937, including an intraday low at 937 today.
1108 was the prior resistance on MU; continuation required a two-candle close above 1108, but MU failed there and reversed.
902 was identified as MU’s ultimate support, with a test of 902 framed as a strong long entry even if price reverses before reaching it.
MU is described as a long-term uptrend undergoing a short-term pullback toward the 50 or 100, with RSI approaching the 40 level on the daily within today or the next couple days.
MU is outside the Bollinger Bands after a two-day gap down on bad news, and that setup is described as a reversal “gift” when paired with RSI near the band extremes.
The last time MU closed outside/below the bottom Bollinger Band, it later reversed from 737 to 1036, and a prior bounce at 40 RSI on the daily led to another up move.
Between 937 and the $900 psychological level, MU is flagged as the zone to watch for an RSI reversal bounce on the daily timeframe.
CXMT’s claim is dismissed as “all talk” because it has not shown the market or the sector anything, while MU is called the king of memory and a company delivering incredible earnings back-to-back.
The setup is labeled Wall Street’s playbook: knock stocks down with bad news, buy them, and run them back up.
NFLX is in a swing-trade position ahead of earnings, with more buying possible on a dip.
NFLX could dip as low as 63, and that kind of pullback is expected to get bought as shorts close and take profit.
POET, SOFI, and other stocks are said to be pulling back to historic or critical support.
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