MU to make a big move up in the coming weeks (60%+)
MU has hit some sort of brick wall. The most probable path appears to be a climb up the new found support line (orange). Multiple confirmations of this path, rather than say a big drop, the most significant of which is the divergent volume. You can see the areas of the chart which may be fractaled from pattern matching the RSI and MACD movements. I expect the initial jump to be fast and furious, followed by a more reasonable climb, until it falls outside of the ascending trendline (at around the 2nd target line). The TA generated targets shown seem reasonable from a fundamental standpoint, with a number of different analysts upgrading their assessment recently. 2020 Q1 Earnings on Dec 12, to give you a sense of relative timing here. I think the initial jump might happen prior to the earnings call, with whatever good news that's released already having been priced in, but that's a matter of conjecture - and really dependent on how the broader market moves between now and then. There's enough runway here for the initial big jump to happen after the 12th, and the price may be relatively flat prior to that, so I'd take a conservative approach with timing if you're taking the options route.
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Sp500 - if this trendline holds, we can expect a big move in the overall market
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SPY at 315 in the next few hours
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Back to MU:
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update...
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if you push play in the original chart, you can see that we fell below the orange "brick wall" line, hit it from underneath and immediately got rejected. once it's clear that the price won't get above it, everybody who fomo'ed in last couple of weeks (when there was fundamentally no reason to be bullish) will get out mighty quick. the drop will be helped along by sharks with a growing short interest. there's no particular reason for the price to move in either direction, therefore this particular case of blatant market manipulation presents a very profitable situation (quick down/up) for the few of us paying attention. good luck.