💾 Micron (MU) at $893.19 — flat, but the setup is interesting.
After a -26% pullback from $1,213 high, MU is building a base. RSI: 48.8 (neutral). MACD negative but flattening. Consolidating in the $860–$900 range.
Key levels:
• Support: $739
• Resistance: $1,088
Price above 5-day MA ($862) but below 20-day ($898) and 50-day ($972). This is textbook accumulation territory — if memory pricing holds and AI HBM demand continues, the risk/reward at this level is compelling.
Patience required — this isn't a momentum play, it's a positioning trade.
Is the memory bottom in? 👇
🔔 DYOR. Not financial advice.
#Micron #Semiconductors #DYOR
After a -26% pullback from $1,213 high, MU is building a base. RSI: 48.8 (neutral). MACD negative but flattening. Consolidating in the $860–$900 range.
Key levels:
• Support: $739
• Resistance: $1,088
Price above 5-day MA ($862) but below 20-day ($898) and 50-day ($972). This is textbook accumulation territory — if memory pricing holds and AI HBM demand continues, the risk/reward at this level is compelling.
Patience required — this isn't a momentum play, it's a positioning trade.
Is the memory bottom in? 👇
🔔 DYOR. Not financial advice.
#Micron #Semiconductors #DYOR