Micron at $861, down 29% from its 3-month high. The memory cycle might be turning — but the chart says patience.
MU is in a clear downtrend with RSI at 46.1 and declining volume. Price is below SMA20 ($884) and SMA50 ($969), which means the bears are firmly in control of the intermediate trend.
📊 Technical Snapshot
• Price: $861 (-1.9%)
• Trend: Downtrend — below key moving averages
• RSI: 46.1 (neutral-bearish)
• Volume: Declining (0.66x average) — lack of conviction
• From 3-month high: -29.1%
🎯 Key Levels
• Support: $762 (critical — if this breaks, next stop is $681)
• Resistance: $884 (SMA20) → $970 (SMA50)
• For a long entry: Need to reclaim $884+ with volume
💡 The Semiconductor Story
Memory stocks are cyclical by nature. MU is 29% off highs, which historically has been a decent entry zone — but timing the exact bottom is hard. Better to wait for a base to form.
Are you accumulating semis here or waiting for more pain? 👇
#Micron #Semiconductors #DYOR
⚠️ Not financial advice. Always do your own research and manage risk carefully.
MU is in a clear downtrend with RSI at 46.1 and declining volume. Price is below SMA20 ($884) and SMA50 ($969), which means the bears are firmly in control of the intermediate trend.
📊 Technical Snapshot
• Price: $861 (-1.9%)
• Trend: Downtrend — below key moving averages
• RSI: 46.1 (neutral-bearish)
• Volume: Declining (0.66x average) — lack of conviction
• From 3-month high: -29.1%
🎯 Key Levels
• Support: $762 (critical — if this breaks, next stop is $681)
• Resistance: $884 (SMA20) → $970 (SMA50)
• For a long entry: Need to reclaim $884+ with volume
💡 The Semiconductor Story
Memory stocks are cyclical by nature. MU is 29% off highs, which historically has been a decent entry zone — but timing the exact bottom is hard. Better to wait for a base to form.
Are you accumulating semis here or waiting for more pain? 👇
#Micron #Semiconductors #DYOR
⚠️ Not financial advice. Always do your own research and manage risk carefully.