Memory stocks are getting crushed and Micron just dropped another 7%. But here is what the bears are missing. 🧵
📊 Technical Snapshot:
MU at $940.76, -7% today. RSI at 52.4 — dead neutral. Price is above SMA10 ($916) and SMA20 ($895) but below SMA50 ($962). MACD is positive at 5.5 with expanding histogram.
🔍 The Setup:
Micron is 22.5% off its 3-month high but 34.6% above its 3-month low. This pullback is happening within an established uptrend — the daily structure is still bullish. The decline in volume (0.7x ratio) tells me this is profit-taking, not panic.
HBM (High Bandwidth Memory) demand for AI is not going away. Every new AI chip needs more memory, not less. This pullback could be a gift if $895 support holds.
📋 Key Levels:
• Support: $895 (SMA20) → $823 (structural)
• Resistance: $962 (SMA50) → $1,088 (breakout level)
• Watch: If RSI drops below 40, the setup weakens significantly
⚡ The Verdict:
Buy zone is $895-$920 IF volume confirms a bounce. Do not catch the knife at $940 on the way down — wait for the higher low.
💬 Are you buying this memory dip or waiting for lower prices? 👇
#Stocks #MU #Semiconductors #DYOR
⚠️ Disclaimer: Not financial advice. Stock markets carry risk. Do your own research.
📊 Technical Snapshot:
MU at $940.76, -7% today. RSI at 52.4 — dead neutral. Price is above SMA10 ($916) and SMA20 ($895) but below SMA50 ($962). MACD is positive at 5.5 with expanding histogram.
🔍 The Setup:
Micron is 22.5% off its 3-month high but 34.6% above its 3-month low. This pullback is happening within an established uptrend — the daily structure is still bullish. The decline in volume (0.7x ratio) tells me this is profit-taking, not panic.
HBM (High Bandwidth Memory) demand for AI is not going away. Every new AI chip needs more memory, not less. This pullback could be a gift if $895 support holds.
📋 Key Levels:
• Support: $895 (SMA20) → $823 (structural)
• Resistance: $962 (SMA50) → $1,088 (breakout level)
• Watch: If RSI drops below 40, the setup weakens significantly
⚡ The Verdict:
Buy zone is $895-$920 IF volume confirms a bounce. Do not catch the knife at $940 on the way down — wait for the higher low.
💬 Are you buying this memory dip or waiting for lower prices? 👇
#Stocks #MU #Semiconductors #DYOR
⚠️ Disclaimer: Not financial advice. Stock markets carry risk. Do your own research.