MU Micron 691 now https://www.binance.com/en/futures/MUUSDT?_from=markets&ref=GMGNX dyor - Friday showed signs of a reversal. The stock rose 5.12% to close at 690, with a clear long lower wick. This usually points to extreme oversold conditions, while momentum is still bearish. The most common move after this setup is a bounce, followed by a pullback, then a new direction. 650 to 660 is the panic low zone. 676 is the first support after the bounce, while 724 to 726 is the first resistance zone. On the company side, the news is actually positive. AllianceBernstein, Citi, and BofA have all maintained their Buy ratings, with price targets at 1,300. The main pressure on the rebound came from strong US jobs data, which boosted expectations of more Fed rate hikes. My bias is bullish. I'll wait for a pullback to 650 to 665, ideally with lower volume and signs of support before entering. Stop loss: 645 Take profit: 726