🔬 Memory chip stocks are getting hammered, and Micron (MU) is no exception. -1.89% with declining volume — that's the worrying part.

Here's the technical snapshot:

📊 MU by the Numbers:
• RSI: 46.1 (neutral, but trending lower)
• Trend: Downtrend — price below SMA20 and SMA50
• Volume: Only 65% of average — sellers aren't even trying hard
• Trading 29% below its 3-month high

🧠 Why This Matters:
Memory is a cyclical business. When MU sells off on LOW volume, it means buyers are absent, not that sellers are aggressive. That's actually more concerning — there's no demand stepping in. The stock is drifting lower without any conviction from either side.

📍 Key Levels:
• Support: ~$762 (3-month trendline)
• Resistance: ~$1,088 (SMA50 area)
• Watch: If RSI breaks below 40, expect acceleration to the downside

💡 The semiconductor sector needs a catalyst — AI spending data, inventory normalization, something. Until then, MU looks like it's in a slow bleed.

Not buying yet. I'd rather miss the bottom than catch a falling knife in a sector with no momentum.

🤔 Is the memory chip downturn priced in, or are we early in the correction? What's your thesis on semis? 👇

#Micron #Semiconductors #DYOR

⚠️ Disclaimer: Personal analysis only. Not financial advice. Stock markets carry risk.