2use

Micron Technology [MU] in a bearish mode

NASDAQ:MU   MICRON TECHNOLOGY INC
For now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this stock . Unless surprising news, no major catalysts in terms of tech analysis (unless it was a 3rd elliot wave , but i won't bet on it). it is close to a know support level above 20, going below would lead to a possible sell off.
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