Micron dropped 5.8% today — is the AI memory supercycle taking a breather or hitting a wall? 💾
MU at $910.43 (HK-listed equivalent) is in a downtrend with RSI at 48.4 — neutral but leaning bearish. Price is below SMA5 ($945.88) and SMA50 ($962.88), confirming short-term weakness.
The interesting part: MU is still 23% above its 3-month low ($739), suggesting the broader uptrend is intact. This pullback could be profit-taking after the AI-driven rally, not a trend reversal.
📋 Key Levels:
• Support: $861 (critical — if this breaks, next stop is $739)
• Resistance: $1,088 (SMA50 cluster)
• RSI: 48.4 (neutral — no extreme signal)
• Volume: Declining (0.59x) — sellers aren't aggressive
The memory market is cyclical. HBM demand for AI is real, but inventory corrections happen. I'm watching $861 as the line in the sand.
Buying this dip or waiting for $800? 👇
#Micron #MU #Semiconductors #DYOR
⚠️ Not financial advice. Always do your own research.
MU at $910.43 (HK-listed equivalent) is in a downtrend with RSI at 48.4 — neutral but leaning bearish. Price is below SMA5 ($945.88) and SMA50 ($962.88), confirming short-term weakness.
The interesting part: MU is still 23% above its 3-month low ($739), suggesting the broader uptrend is intact. This pullback could be profit-taking after the AI-driven rally, not a trend reversal.
📋 Key Levels:
• Support: $861 (critical — if this breaks, next stop is $739)
• Resistance: $1,088 (SMA50 cluster)
• RSI: 48.4 (neutral — no extreme signal)
• Volume: Declining (0.59x) — sellers aren't aggressive
The memory market is cyclical. HBM demand for AI is real, but inventory corrections happen. I'm watching $861 as the line in the sand.
Buying this dip or waiting for $800? 👇
#Micron #MU #Semiconductors #DYOR
⚠️ Not financial advice. Always do your own research.