Storage chip stocks have dropped so much, can we still short them? Let’s take MU Micron stock as an example: MU’s price isn’t dropping in a straight line but rather in a two-steps-back-one-step-forward oscillating pattern. Next, MU’s price is very likely to rebound first to the yellow box area in the chart below, around $900. At that resistance level, we can choose to short MU, take profit above $700, and use swing trading to lock in profits.