đŸ Micron at $967 â sitting right at the crossroads of AI demand and memory cycle recovery. Here's why it matters.
MU is consolidating after a massive run from $739 to $1,213. Now at $967, it's down 20% from the 3-month high but holding key moving averages. RSI at 54.5 is neutral â not overbought, not oversold. This is the quiet before the next move.
đ Technical Snapshot:
âą Price: $966.78 (-0.77%)
âą Trend: Strong uptrend intact
âą RSI: 54.5 (neutral â coiling)
âą SMA50: $964.59 (price riding it like a floor)
âą Volume: Declining (0.6x avg) â classic consolidation
đ Key Levels:
âą Support: $853 (strong demand zone)
âą Resistance: $1,088 (breakout target)
âą Upside potential: ~12% to resistance
đĄ Why watch MU? HBM (High Bandwidth Memory) demand for AI chips is exploding. Every NVIDIA GPU sold = more Micron revenue. This isn't speculation â it's already in the order books.
Is memory the most underrated AI play right now? Thoughts? đ§
â ïž Disclaimer: Not financial advice. DYOR.
#Micron #AI #Stocks
MU is consolidating after a massive run from $739 to $1,213. Now at $967, it's down 20% from the 3-month high but holding key moving averages. RSI at 54.5 is neutral â not overbought, not oversold. This is the quiet before the next move.
đ Technical Snapshot:
âą Price: $966.78 (-0.77%)
âą Trend: Strong uptrend intact
âą RSI: 54.5 (neutral â coiling)
âą SMA50: $964.59 (price riding it like a floor)
âą Volume: Declining (0.6x avg) â classic consolidation
đ Key Levels:
âą Support: $853 (strong demand zone)
âą Resistance: $1,088 (breakout target)
âą Upside potential: ~12% to resistance
đĄ Why watch MU? HBM (High Bandwidth Memory) demand for AI chips is exploding. Every NVIDIA GPU sold = more Micron revenue. This isn't speculation â it's already in the order books.
Is memory the most underrated AI play right now? Thoughts? đ§
â ïž Disclaimer: Not financial advice. DYOR.
#Micron #AI #Stocks