đŸ Micron (MU) +7.62% today â the AI memory trade is BACK and the chip sector just sent a signal you can't ignore.
đ Technical Snapshot:
â Price: $892.67 | RSI: 48.8 (neutral)
â Trend: Consolidation | Volume: 37.3M (normal)
â SMA20: $901 | SMA50: $969
đ Key Logic:
MU bounced from 3-month lows and is now testing the 20-day MA ($901). A break above this level opens the path to $969+. With AI and HBM demand still accelerating, the selloff from $1,214 highs looks like a buying opportunity â but patience is key.
đ Key Levels:
â Support: $732 (don't break this)
â Resistance: $901 (SMA20) â $1,088 (next major)
Can MU hold above its 20-day MA or is this another dead cat bounce? Tell me your MU thesis đ
#Stocks #Semiconductors #MU #DYOR
â ïž Not financial advice. DYOR. Markets carry risk â never invest more than you can afford to lose.
đ Technical Snapshot:
â Price: $892.67 | RSI: 48.8 (neutral)
â Trend: Consolidation | Volume: 37.3M (normal)
â SMA20: $901 | SMA50: $969
đ Key Logic:
MU bounced from 3-month lows and is now testing the 20-day MA ($901). A break above this level opens the path to $969+. With AI and HBM demand still accelerating, the selloff from $1,214 highs looks like a buying opportunity â but patience is key.
đ Key Levels:
â Support: $732 (don't break this)
â Resistance: $901 (SMA20) â $1,088 (next major)
Can MU hold above its 20-day MA or is this another dead cat bounce? Tell me your MU thesis đ
#Stocks #Semiconductors #MU #DYOR
â ïž Not financial advice. DYOR. Markets carry risk â never invest more than you can afford to lose.