MU is on the Verge of a Serious Technical Break Down

MU-- is one of the top components of SMH (Semiconductor ETF), which also has reacted negatively to the 10% plunge in INTC after the latter reported earnings (lower guidance) last evening. Let's notice on my attached chart of MU that its sympathetic weakness sliced beneath its major Dec.- Apr. support line in the vicinity of 42.30. Inability of MU to claw its way back above 42.30 on a closing basis will mean that current weakness has inflicted serious technical weakness that points lower, into the area of the prior meaningful pullback low at 36.50/70 at the beginning of March... Last is 41.70...

4 26 19 MU 140 GIF
4 26 19 MU 140 GIF

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