📊 Micron (MU) -0.8% today — is the memory rally taking a breather or losing steam?
$MU at $966 after a strong run from $739 lows (+31%). RSI 54.5 is neutral, MACD still bullish. The memory sector (DRAM/NAND) has been on fire with AI demand, but today's pullback on declining volume (0.6x ratio) is a yellow flag.
📊 Technical Snapshot:
- Price: $966.78 (-0.77%)
- RSI: 54.5 (neutral, room to move)
- MACD: 10.95 (bullish)
- Volume: 21.7M shares (0.6x normal — low conviction)
- Trend: Strong uptrend but consolidating
🎯 Key Levels:
Support: $853 (SMA50 zone) | Resistance: $1,088 (3-month high)
💡 The memory supercycle thesis is intact, but MU needs to hold above $950 to maintain momentum. Watch the 50-day MA at $964 — if it breaks, more downside to $853.
Buy the dip or wait for $1,000 breakout? 🤔
#Stocks #Semiconductor #DYOR
⚠️ Not financial advice. Always do your own research.
$MU at $966 after a strong run from $739 lows (+31%). RSI 54.5 is neutral, MACD still bullish. The memory sector (DRAM/NAND) has been on fire with AI demand, but today's pullback on declining volume (0.6x ratio) is a yellow flag.
📊 Technical Snapshot:
- Price: $966.78 (-0.77%)
- RSI: 54.5 (neutral, room to move)
- MACD: 10.95 (bullish)
- Volume: 21.7M shares (0.6x normal — low conviction)
- Trend: Strong uptrend but consolidating
🎯 Key Levels:
Support: $853 (SMA50 zone) | Resistance: $1,088 (3-month high)
💡 The memory supercycle thesis is intact, but MU needs to hold above $950 to maintain momentum. Watch the 50-day MA at $964 — if it breaks, more downside to $853.
Buy the dip or wait for $1,000 breakout? 🤔
#Stocks #Semiconductor #DYOR
⚠️ Not financial advice. Always do your own research.