🧠 Memory stocks are consolidating — and that's exactly what you want to see before the next AI-driven leg up.

Micron (MU) at $967:

📊 Technical Snapshot:
• Price: $967 (-0.77%) — slight pullback in uptrend
• RSI: 54.5 — perfectly neutral, no extremes
• Trend: Strong uptrend, +17% in 30 days
• Volume: Declining (0.6x) — consolidation, not distribution

💡 Why It Matters:
HBM (High Bandwidth Memory) demand for AI GPUs is exploding. Every Nvidia H100 needs Micron's HBM3E chips. This isn't cyclical — it's structural demand from the AI buildout.

📌 Key Levels:
• Support: $853 (SMA50 zone)
• Resistance: $1,088 (breakout territory)
• 3-month range: $739 - $1,214

The declining volume during consolidation is bullish — sellers aren't aggressive. Waiting for the next catalyst (earnings, HBM4 announcements) to break the $1,088 resistance.

MU: breakout above $1,088 or retest $853? 🧠

#Semiconductors #AI #Stocks
⚠️ Not financial advice. DYOR before investing.