💾 Micron at $971, up 2.3% and trading above all major moving averages. The memory supercycle thesis is alive.
Price holding above SMA50 ($960), SMA20 ($890), and SMA5 ($912). RSI at 56.5 — bullish with room to run. But volume is declining, which means conviction needs to follow through.
🧠 Why It Matters:
• AI datacenter demand is driving HBM/memory consumption
• All moving averages stacked bullishly
• 42.6% above 3-month low — uptrend intact
• Volume declining is the one caution flag
📋 Key Levels:
→ Support: $960 (50-day SMA)
→ Resistance: $1,088 (next target)
→ Watch for volume confirmation on next leg up
Memory stocks: buy the dip or take profits here? 🤔
#Micron #Semiconductors #DYOR
📌 Not financial advice. Always DYOR and manage risk.
Price holding above SMA50 ($960), SMA20 ($890), and SMA5 ($912). RSI at 56.5 — bullish with room to run. But volume is declining, which means conviction needs to follow through.
🧠 Why It Matters:
• AI datacenter demand is driving HBM/memory consumption
• All moving averages stacked bullishly
• 42.6% above 3-month low — uptrend intact
• Volume declining is the one caution flag
📋 Key Levels:
→ Support: $960 (50-day SMA)
→ Resistance: $1,088 (next target)
→ Watch for volume confirmation on next leg up
Memory stocks: buy the dip or take profits here? 🤔
#Micron #Semiconductors #DYOR
📌 Not financial advice. Always DYOR and manage risk.