💾 Micron (MU) just popped 7.6% to $892.67. Memory chips are talking, and the message is: AI demand isn't slowing down.
📊 Technical Snapshot:
• Price: $892.67 (+7.62%)
• RSI: 48.8 — neutral, massive room to run
• Trend: Consolidation near SMA20 ($901)
• Volume: 36M shares — normal, meaning this isn't a one-day wonder
🧠 The Setup:
MU is 26% off its 3-month high ($1,213) but 39% above its low ($640). Today's move is testing the SMA20 from below. A close above $901 opens the door to $1,088 (resistance).
💡 Why Memory Matters Now:
HBM (High Bandwidth Memory) demand from AI accelerators is reshaping the memory cycle. Every new AI datacenter = more DRAM/NAND demand. Micron's HBM3E is sold out through 2026.
📐 Key Levels:
• Support: $832 (SMA5) → $732 (major)
• Resistance: $901 (SMA20) → $969 (SMA50) → $1,088
Patience pays here. If $901 breaks, the move accelerates.
💬 Memory stocks: AI supercycle or cyclical peak? 🤖
#Micron #MU #Semiconductors
⚠️ Not financial advice. Always do your own research before investing.