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Micron has suffered a catastrophic 35% drop in 30 days, plunging from over $xMU 1,000 to a low of $650,exacerbated by news of suspending a factory plan.Yet,today it is showing the most explosive bounce of the group with a +6.46% surge to $703. The volume is spiking significantly on this green candle, proving that aggressive buyers are defending the $650 floor. Expect a violent, high-beta short squeeze.The gap between the current price and the 5-day MA ($772) is enormous, acting like a magnet.
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