🧠 Memory chip stocks are getting hammered. Micron at $877 — bargain or trap?

MU is consolidating between its 5-day and 20-day moving averages. Volume is declining 29% below average. The semiconductor sector is under pressure, but this setup looks like a coiling spring.

📊 Technical Snapshot:
• Price: $877.57 (-0.44%)
• RSI: 47.5 — neutral, no extreme readings
• Trend: Consolidation between SMAs
• Volume: 34.4M (declining — calm before a move)
• 28% below 3-month high | 29% above 3-month low

🎯 Key Levels:
→ Support: $751 (critical floor)
→ Resistance: $1,088 (breakout target)
→ Watch: SMA20 at $888 as immediate test

⚡ Bottom line: Memory demand from AI infrastructure is real and growing. MU at $877 with neutral technicals could be accumulation territory — but the downtrend in semis needs to reverse first. Watch $850 as the line in the sand.

Are memory stocks on your watchlist right now? 👇

#Micron #Semiconductors #DYOR

⚠️ Not financial advice. DYOR. Stock markets carry their own risks.