$MU Finally showing some strength, but don't get too excited—treat it as a bounce for now!

Folks, MU finally turned green today! It bounced from 893 all the way back to 935, a gain of over forty points. Those who bought the dip can finally catch their breath.

But Mige has to be honest—after such a long decline, a rebound is normal. Don't scream "reversal" just because of one green candle.

Let's look at the technicals first. On the daily chart, MA7 and MA25 have been reclaimed—this is a short-term bullish signal. But MA99 is still looming far above.

The price bounced from 893 to 935, and volume has increased somewhat, but it topped at 940 today and then pulled back, indicating real selling pressure around 950-960. On the 1-hour chart, the MACD just showed a golden cross, giving bulls a slight edge in the short term, but the RSI hasn't reached the strong zone yet—so the sustainability of this bounce is questionable.

On the news front, the storage sector's overall sentiment has warmed up a bit. Although Samsung's earnings were a "sell the news" event, the long-term demand logic hasn't changed. MU is simply catching a breather along with the sector.

Mige's advice—treat it as a short-term bounce, but don't get greedy.
For longs: wait for a pullback to the 925-930 range, confirm support, then go long. For shorts: wait for signs of exhaustion around the 950-960 range before considering.

Folks, after such a long drop, a bounce is normal, but don't call it a reversal just because of one bounce. Recovering from 893 to 935 feels good, but MA99 is still waiting at 998—there's a long way to go. Treat it as a bounce for now. Once you hit your target, take profits and move on. Don't get greedy. Stay steady, and wait for real confirmation before going heavy!

#GUSD年化升至3.8%