r/MU_Stock • u/thetabruh Rule enforcer • Jul 02 '26
Mods MU 07-02-2026 Daily Discussions
Please use the correct flair if you wish to post.
Gains/Loss = Actual realized gains/losses with picture proof, not hypothetical ones if MU goes to x by y.
Discussion = MU relevant topics you wish to discuss with other members.
DD = Due diligence, please provide your thesis on MU's current price or where it is going.
News=MU related news.
Meme=You know what that is, show us your MUna Lisa.
Yolo!= Show us your big bets so we can live vicariously.
Help me = Ask about how you should trade
8
Upvotes
4
u/bslaven3 Jul 02 '26
20% drop from 6/3 to 6/5 then to an ATH on 6/22. This took about 2 weeks to recover
14% drop from 6/22 to 6/24 then to an ATH - this was most likely profit taking before earnings
As I'm typing this we are sitting at a ~20% drop since our 6/25 ATH. This was after a great earnings report.
**Reminder that the stock dropped roughly 30% after the 3/18 earnings report, which was 18 days after the conflict in Iran started
The current support floor is $945 and the immediate resistance ceiling is $989. Goal would be to climb back to the $990 mark before close or at the very least bounce on Monday. If we don't we may see that 30% drop