The way to win on Micron Technology is to go long

On 8/6 $Micron Technology(MU)$ stock was $82. So it has since dropped 11.08% . . . just last week. Since their highest point in April, MU has dropped close to 30%. During that same period, the $VanEck Vectors Semiconductor ETF(SMH)$ semiconductor ETF has dropped 3%. MU's return YTD . . . is -5.64%.

The longer the base, the higher in space. RSI is 34 . . . meaning very close to oversold territory. We are due for a big pop: much of this drop has been overblown. MS sees pricing as cyclical vs seasonal. Big difference. Other analysts see it the other way around. We don't know when this stock is going to bounce. The way to win is to go long.