• MU is reacting this week, but the trend is still bearish; • MU is doing lower highs/lows, and in theory, it is seeking the next support at $46.23 (red line); • Could MU bounce from here? Yes, and this week is doing a bullish reaction, but it must close above the $51.30 again in order to recover to the $58 - $60 area again; • By closing above $51.30, MU will trigger a false breakout from a previous support level. Along with the recent increase on the volume, this might be what it takes for MU to recover; • MU is a promising stock, but for now, it must do better signs in order to become attractive again.
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