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The Long Investor - $MU
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Bulls have done a really good job holding support in this wedge and battled for 5 sessions on this line and have held, KOSPI has also been battling to hold support on its own 0.5 Fib and has so far been doing a good job
$MU price action could consolidate sideways in this wedge for the remaining part of 2026 but I think bulls would be happy with this outcome, which is what we are seeing on the $HIMS chart too
Remember $MU's fundamentals are still very very strong and the price action has held here a lot better than $SNDK for this reason, as $SNDK has pulled back to its 0.5 Fib in this correction.
I would not be rushing in here either, a drop out of the wedge can come at any point if the market weakness takes a turn and accelerates again.
There are lower risk positions in the market right now I believe and we share them on our Watchlist.
Bulls have done a really good job holding support in this wedge and battled for 5 sessions on this line and have held, KOSPI has also been battling to hold support on its own 0.5 Fib and has so far been doing a good job
$MU price action could consolidate sideways in this wedge for the remaining part of 2026 but I think bulls would be happy with this outcome, which is what we are seeing on the $HIMS chart too
Remember $MU's fundamentals are still very very strong and the price action has held here a lot better than $SNDK for this reason, as $SNDK has pulled back to its 0.5 Fib in this correction.
I would not be rushing in here either, a drop out of the wedge can come at any point if the market weakness takes a turn and accelerates again.
There are lower risk positions in the market right now I believe and we share them on our Watchlist.
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