The analyst predicts a relief bounce followed by a further leg down for MU, indicating a bearish outlook.
MU is completing a Wave A pullback, expecting a Wave B relief bounce then a Wave C leg down to target, similar to PLTR and other impulse wave completions.
$MU Stunning
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -1.2% | -1.7% |
| 1 week | -14.0% | -13.8% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |