MU: one more leg down potential

Dec 7, 2025

I would prefer to see one more leg down into the deeper mid-term support zone at 180–170, as long as price remains below the December highs.

Chart:

https://www.tradingview.com/x/2Mfdwif0/

Previous analysis on MU trend structure (Jul-Oct): https://www.tradingview.com/chart/MU/JUYASFdh-MU-price-reached-key-mid-term-resistance/

Jan 12

Trade closed: stop reached

MU while price continues to follow the broader bullish structure outlined in the December update, the short-term swing-short setup was stopped out after price broke above the prior December lower highs on Dec 8.

At this point, as long as price holds above 304 (with a maximum downside extension toward 269), I’m expecting upside momentum to continue, targeting the 388–418 resistance zone, with a possible extension toward 460.

Chart:

Jan 21

Note

MU is approaching a key resistance zone (385–460), where upside momentum may begin to fade and selling pressure could start to emerge.

Within this resistance territory, it looks prudent to consider trimming profits or opening hedges to existing long positions, while monitoring price behavior for signs of exhaustion or reversal.

Chart: