$MU

MU is not a buy as it trades below the 50-day moving average; momentum names should be avoided when below this level.

BearishHe framed it in days
“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
T3 LivePublished Sep 14 · 3 passages

Jump to any passage

3 passages

Thank goodness MU did not close well because I have no MU. I have no MU. Why? Because, you know, look at how this closed again. They sold strength. Uh this 1042 got rejected if you remember last week and um and on Friday the action wasn't telling me there's any reason to be in these things because the market's kind of faulty and we're not acting special.

So you have risk a little bit lower. So now what? Okay, let's see what what was this low here. This low here was 967 or 960. So um I guess we'll see um is you know do the bears have any power?

If the bears have some power. Actually, here's a 50-day. 50-day is right there. 934, right? Where is MU right now? Um, this is like 934. MU this morning is uh a little bit below it.

So, MU is below the 50-day. You want to be in momentum names when they're above the 821 day. You don't want to be when they're below the 50-day. If you're an investor in MU and you've been in MVU for two years, that's different.

Okay. If you've been trying to hold a swing trade, which I was here, you know, and maybe you sold some strength on day three, I guess there's a small reason. So, if you have a little of this on, I get it.

You know, forgive yourself. Question is, um, you know, is it going to open up, um, down 48 and go green or is it going to open up down 48 and, you know, continue to be lower in the second part of the day? That's our job as active trades to figure out.

So what we'll do is we'll look here and we'll see, you know, what happens in the spies and the Q's and and the SMHs and and uh do buyers show up for MU or even SanDisk.

I showed you mu. I showed you SanDisk. You could correlate mu to MU or SNX to SanDisk. Um, I do think the key for, you know, for SanDisk now, I mean, for for MU is um the 50-day, which is below, and then uh we'll see does this want to, you know, does this want to break this ascending channel? If it does, gotta gotta get out of the way.

Watchpoints

whether MU breaks its ascending channel

What this channel has said about $MU

T3 Live has 4 calls on this stock; only the adjacent ones are shown.

2026-09-14BearishThis one
Thank goodness MU did not close well because I have no MU. I have no MU.
Direction flip
2026-09-10Bullish
do I see Micron going to,200 into the next week? Um, I don't know. You know, it's it's down today. I would think it should be buyable today. you know, closed pretty strong yesterday. Um, going sideways. Um, I did sell most of mine yesterday. Um, it did, uh, you know, you could raise this up a little bit. This 1036 doesn't matter anymore. Uh, this is what 1042. Um, if if Micron's going to go to 1,200, it would have to hold um, I would think 992 now, you know. So, that's what I would I would write down there. 992 is a spot that that Micron should hold. I am in muou and I will be buying more of it today. I will um if this is going to continue to act better and again these things are choppy like look how long this had to go sideways before we made really good money. I got along a lot of micron with the guys from the alpha team mu on on Friday. I I reduced some I reduced more. I bought some back. You know yesterday if you remember I was buying it. It was lower. It was like 30 cents lower and then had a big move. So for today, this 968 doesn't matter as much. I would I would think if this is going to be special, there's not a lot of special things out there. Special. It should hold 992. Let's see where it is now. Um 992 is right here. Um Micron's down a bunch because Cosby was down a bunch. It's only down 12 points. Not a big deal. You would think, you know, this is buyable. It's been better to buy support than add on strength with anything these days. Just the way it is. So micron I do think is viable. I will probably be buying more of the mu if it were to break 992. Not the end of the world because look this saw the 21 day all these times. 21 day is all the way down here. That would that wouldn't be surprising the way this is but that would be like a retest. You know every now and then you get the retest. This was a retest of this. So does it want to be choppy and retest? We'll see.
Quote at 14:59 ›
See full history ›
KolSays