Memory chips are on fire today. MU +4.92%, SK Hynix +7.31%, SanDisk +5.76%. When the entire sector moves together, that's institutional money talking.
đ Technical snapshot:
âą Price: $911.29 (+4.92%)
âą RSI: 51 â neutral
âą Trend: strong uptrend
âą SMA50: $965.16
âą 3M range: $681.54 - $1,213.56
đ Key levels:
Support: $762.1
Resistance: $1,087.99
đ Analysis: The semiconductor cycle narrative is shifting. AI demand for advanced memory is accelerating, and the sector is getting re-rated.
đ Constructive setup â patience and discipline.
What's your thesis on semiconductors? Bullish or cautious? đ
#MU #Semiconductors #StockMarket
â ïž Not financial advice. Always do your own research. Past performance doesn't guarantee future results.
đ Technical snapshot:
âą Price: $911.29 (+4.92%)
âą RSI: 51 â neutral
âą Trend: strong uptrend
âą SMA50: $965.16
âą 3M range: $681.54 - $1,213.56
đ Key levels:
Support: $762.1
Resistance: $1,087.99
đ Analysis: The semiconductor cycle narrative is shifting. AI demand for advanced memory is accelerating, and the sector is getting re-rated.
đ Constructive setup â patience and discipline.
What's your thesis on semiconductors? Bullish or cautious? đ
#MU #Semiconductors #StockMarket
â ïž Not financial advice. Always do your own research. Past performance doesn't guarantee future results.