💾 Micron (MU) at $861, down 1.89%. The memory chip sector continues to struggle, and MU is sitting 29% below its 3-month high with no clear reversal in sight.

Technical snapshot:
• RSI at 46.1 — neutral with a bearish lean
• Below SMA20 ($884) and SMA50 ($970) — significant overhead resistance
• MACD histogram negative and deepening (-5.08)
• Volume at 0.66x average — declining participation
• Trend: established downtrend

Key levels:
• Support: $762 (must hold — 12% below current price)
• Resistance: $1,088 (far overhead — 26% away)
• 3-month range: $682-$1,214

The semiconductor cycle is clearly in a down phase. Memory pricing weakness, inventory corrections, and slowing data center spending are all headwinds. MU isn't broken — it's just in the wrong part of the cycle.

For traders: wait for $762 to hold as support AND a bullish divergence on the weekly RSI before building a position. Bottom-fishing in downtrends is how portfolios get hurt.

Is the memory chip sector on your buy list or avoid list? 👇

#Micron #Semiconductors #StockMarket #DYOR

⚠️ This is not financial advice. Always do your own research and manage risk carefully.