Re: Regression Toward The Mean
Yes, I agree with you. Also, the moving average trio 10/20/50 dma is also bullish, but it still remains below the 200 dma.
Regression toward the mean moved up to 41.49. Yesterday's low I believe was 41.51 so MU met that criteria.
MU still remains in a Rising Wedge chart pattern which is bearish. It moved up because it found support at the bottom trendline to the pattern. There is an 80% chance the pattern will play out, but a 20% chance it will fail. There is double resistance at 45. GL.