MU Testing Support Premarket
In the premarket, MU is trading down and near the 50 EMA. This may create a classic 50/50 Buy Setup. The 50 EMA is where the BIGS are more likely to come in and provide support. Note the falling RSI 20, making lower highs (weakness) since June and reaching the 50 level where the bulls and bears will battle it out. The stock may rebound or enter a range pattern or even break below the 50 EMA (bearish). But we now have MU on a Buy Watch and will track its progress.