Steve Miller on $MU (Oct 31, 2026)
MU momentum has reversed negative; any bounce over the next couple of days is likely to fail, with this cycle ending on November 23. Only aggressive active traders might buy a small fraction, about a quarter of usual size, for a possible rebound, since weekly and daily momentum and options bias are against it.
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Micron has completely reversed momentum to negative . It's still above the 78.6 level there. Here you can see that it is trying to form a bottom at that point. So, Micron, in fact, for bold traders, may enter a rebound zone over the next couple of days where you can get a potential recovery.
But if you look at this cycle here, it ends on November 23. If you look at this cycle here, that's exactly November 23rd here. What this shows you is that if a bounce occurs here, it is very likely to fail.
But for traders, you might be looking for an opportunity here. This bottom here was around 857 in microns. It might reach there or a little less than that.
For those who wish to enter a buying center here, well, there may be an opportunity to participate with a small share. Now, when you have negative momentum on the weekly level, negative momentum on the daily level, and a cycle bottom is likely to form, I would say if you want to buy a fraction of this trade, and if you are an active trader and take appropriate risks, then perhaps that would be a quarter of your usual trade size.
Because everything is against this, everything is against him. And you can see here that the momentum is turning negative again. The options bias indicator says be negative. And I'm telling you that there is a possibility of buying a small fraction here for aggressive traders in order to make a business deal. 120, or 25% of your usual trading volume , because of how much you are going against the general trend here.
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Steve Miller has 8 calls on this stock; only the adjacent ones are shown.