ALERT: THIS OVERSOLD STOCK IS AT 11 YEAR LOWS!
In a Nutshell
Ricky highlights three stocks to watch: Micron is pulling back after a massive rally and could correct sharply if the Nasdaq weakens; MicroStrategy is in a relief rally tied to Bitcoin but remains a weak business likely to retest $80 if crypto sells off. Nike has reached 11-year lows with improving fundamentals, offering long-term value, though short-term patterns suggest any rally to $46 resistance will likely fail and retest lows.
These notes were generated by AI and may contain inaccuracies.
Happy 4th. It's Ricky with Techbook Solutions providing a quick update on Saturday, July 4th at 10:30 a.m. in Arizona. The focus is on several stocks to monitor closely in the upcoming week.
Micron remains one of the best performing stocks of 2025 and 2026. Michael Bur opened a short position against it, raising the question of whether he has a case and whether this could shift sentiment among semiconductor and memory chip stocks. This stock sits at the top of the watch list.
Since the initial rally from $300 to highs of $1,300, Micron has not traded below the moving average. Patterns tend to repeat themselves. The current pullback is notable because it has not made enough progress on the upside recently, suggesting buying pressure and momentum may be slowing. There could be a shift in sentiment, though Michael Bur often tends to be too early.
Support for any move would come from overall NASDAQ movement. If the NASDAQ trades below the EMA line on the daily chart and begins to sell off, the most overhyped stocks could see sharp corrections. Shorting Micron makes sense only with experience; beginners should avoid shorting due to greater risk.
MSTR has recovered nicely as crypto gaps up. From highs of $500 per share, it remains down 80%. It is still considered a terrible business but is experiencing a relief rally. As Bitcoin continues to rise, the question is how high MSTR can climb before dropping again.
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