$MU Faces sharp sell off, SELL OR HOLD? Semiconductor/memory stocks like $MU has fallen with about a -4.5% on October 13th following the China's growing memory chip capabilities. According to the report, China's memory chip manufacturer, ChangXin Memory Technologies (CXMT), has reported progress in a new DRAM chip architecture designed to store more data in a smaller area; which investors into Ai data centres and high performance computing tend to embrace it causing as sharp sell off on MU and other memory stocks. PRICE ANALYSIS AND SETUPS Micron stands as one of the top leading memory stocks and the sharp sell off is just as a result of the report, so following this fact i've a short term bearish bias while price in long term still looks bullish. BEARISH SCENARIO SETUP In a daily time frame, the volume profile indicates the most traded price activity to be around $738.96 zone which also is the demand zone where price tested before a small pull up. Before any further rally by Micron, price will test this afore mentioned zone and if sellers are able to push the price deeper, then we should be in a bearish market for memory stocks. BULLISH SETUP Entry price: 745.58 SL: 630.40 Can Micron hold the support at $630? #micron #analysis