💾 Micron +4.92% and the entire semiconductor sector is waking up. Memory cycle turn is here.
$911.29 with a clean breakout above SMA5/10/20. RSI at 51 is the sweet spot — momentum without overextension. Still 25% below the 3-month high of $1,213, so there's significant upside if the AI memory demand thesis plays out.
Semiconductors are rotating back into favor. AI infrastructure spending isn't slowing down, and memory is the bottleneck. MU is the purest play on HBM (High Bandwidth Memory) demand from AI training.
📋 Key Levels:
Support: $871 (SMA10) / $762 (major)
Resistance: $965 (SMA50) / $1,088 (3-month zone)
Break above $965 = real trend change. I'm watching that level like a hawk.
Semis: early innings of a new cycle or just a dead cat bounce? 🤔
#Micron #Semiconductors #DYOR
⚠️ Not financial advice. DYOR. Always do your own research before trading.
$911.29 with a clean breakout above SMA5/10/20. RSI at 51 is the sweet spot — momentum without overextension. Still 25% below the 3-month high of $1,213, so there's significant upside if the AI memory demand thesis plays out.
Semiconductors are rotating back into favor. AI infrastructure spending isn't slowing down, and memory is the bottleneck. MU is the purest play on HBM (High Bandwidth Memory) demand from AI training.
📋 Key Levels:
Support: $871 (SMA10) / $762 (major)
Resistance: $965 (SMA50) / $1,088 (3-month zone)
Break above $965 = real trend change. I'm watching that level like a hawk.
Semis: early innings of a new cycle or just a dead cat bounce? 🤔
#Micron #Semiconductors #DYOR
⚠️ Not financial advice. DYOR. Always do your own research before trading.