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The daily charts show a pronounced bullish divergence in the MACD indicator. And while the session has not closed yet, so far the probability looks quite high that MU will form a bullish engulfing pattern on the day.
Given the trade stats shown over the weekend on SPY, it seem likely that stocks will continue to attempt a rebound for another couple days at least. A fill of the last couple unfilled gaps on MU over the next couple days would push the trade to 100% or more profit.
I am setting a limit sell order @ 1.80 to close the trade on a potential move higher from here.
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