MU is showing signs of a potential reversal after a multi-week pullback. Price held the anchored VWAP zone (green line) near $109 and bounced today with a +1.83% move on 13M volume.
This level also aligns with the lower Bollinger Band — a common mean-reversion setup after extended downside. A short-term bounce toward $118–120 could be in play if the move gains momentum.
Volume is below average but stabilizing. Price must stay above $109 for this bounce to hold.
Indicators used:
Anchored VWAP (support zone)
Bollinger Bands (oversold structure)
Volume + Volume MA (momentum context)
Entry idea: Bounce confirmation above $112
Target: $118–120
Stop: Below $109
This level also aligns with the lower Bollinger Band — a common mean-reversion setup after extended downside. A short-term bounce toward $118–120 could be in play if the move gains momentum.
Volume is below average but stabilizing. Price must stay above $109 for this bounce to hold.
Indicators used:
Anchored VWAP (support zone)
Bollinger Bands (oversold structure)
Volume + Volume MA (momentum context)
Entry idea: Bounce confirmation above $112
Target: $118–120
Stop: Below $109
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.