$MU
Added 2025-04-21 10:42:13 +0000 UTC$MU has made it all the way down to the standard 0.618 Fib at $60, I warned about this scenario in the summer last year that the bounce was in Wave B and that Wave C would be next but this did not go down very well with a lot of people because they believed it would go higher, the chart was not showing this.
I hope many members followed this chart closely.
The 0.618 Fib is the standard support level, if there is weakness then the 0.78 Fib will be next at $34 for a test of the blue support lines at $48.
Right now there is weakness in this sector, so I do not believe there is any need to rush into $MU here until support is confirmed and $NVDA will play a big part here on the sector.
