🧠 Micron (MU) is stuck in a $35 range between $920-$955 while AI demand for HBM chips has never been stronger. Patience pays here.
MU closed at $929.38 (-0.64%) with volume at just 50% of average — the market is in wait-and-see mode. RSI sits dead neutral at 50.1, and MACD is barely positive at 4.72. Price is hovering near SMA5 ($929.31) but below SMA10 ($947.73) and SMA50 ($954.93).
📊 Key Levels:
• Support: $861 (3-month swing low area)
• Resistance: $955 (SMA50) then $1,088 (3-month high zone)
• 3-month range: $739 - $1,214 (currently 23% below high)
💡 Why It Matters:
MU is a semiconductor bellwether. When it breaks this consolidation, the move will be significant. The AI/HBM tailwind is real — this is accumulation, not stagnation.
🤔 Will MU break above $955 or drop to $861 first? What's your semiconductor play? 💾
#Micron #Semiconductors #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.
MU closed at $929.38 (-0.64%) with volume at just 50% of average — the market is in wait-and-see mode. RSI sits dead neutral at 50.1, and MACD is barely positive at 4.72. Price is hovering near SMA5 ($929.31) but below SMA10 ($947.73) and SMA50 ($954.93).
📊 Key Levels:
• Support: $861 (3-month swing low area)
• Resistance: $955 (SMA50) then $1,088 (3-month high zone)
• 3-month range: $739 - $1,214 (currently 23% below high)
💡 Why It Matters:
MU is a semiconductor bellwether. When it breaks this consolidation, the move will be significant. The AI/HBM tailwind is real — this is accumulation, not stagnation.
🤔 Will MU break above $955 or drop to $861 first? What's your semiconductor play? 💾
#Micron #Semiconductors #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.