MU looks to be oversold and with tomorrows FED meeting I am expecting a relief rally for minutte wave 2 up of larger wave 3 down. I'd also like to comment that with the way SPY has behaved, it appears that once again the market has "priced in" the upcoming meeting and SPY is also showing levels of being oversold which I will also post an analysis on. My stop support zones for MU are $57.50 and $50. I bought calls today expecting a move up in the next few weeks and expecting to get filled around first gap fill around $63.
Also, I took the liberty of removing most of the fib retracement levels for easier viewing. I hope this helps.
Not financial advice
Also, I took the liberty of removing most of the fib retracement levels for easier viewing. I hope this helps.
Not financial advice