The speaker holds a small MU long from yesterday, giving it room to see if it can turn red to green and extend the bounce, but the chart is very broken with many moving averages overhead, so it may stay choppy and he warns caution; a trader who sold into strength could try an entry here.
He framed it in days
“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
T3 LivePublished Oct 16 · 1 passage
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So, um I'm in a little bit of um you know, MU NSNXS from yesterday. I'm going to give it a little bit of room and we'll see if um you know, if this can go red to green and and continue the bounce, but it's very broken.
Um you know, it could continue to be choppy. I would take trades here. You know, you could probably say, hey, you know, if you're looking if you got out here at 623 or sold into strength, you know, then you could give it a try here.
There's a lot of moving averages above very broken. So be be be pretty careful.
What this channel has said about $MU
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