💾 Micron at $967 -- semiconductor memory cycle is turning and the market isn't fully pricing it in.
MU pulled back 0.77% to $966.78, sitting right on its 50-day MA ($964). RSI at 54.5 is dead neutral, which means the next big move could come from here. Volume is declining -- that's actually bullish consolidation.
💡 Why Watch This?
AI demand for HBM (High Bandwidth Memory) is exploding and Micron is one of only three companies that can supply it. The stock bounced from $739 to $967 (+30%) and is now digesting gains. Memory pricing is inflecting upward -- classic cycle turn.
📊 Key Levels:
- Support: $853 (50-day MA zone)
- Resistance: $1,088 (recent highs)
- Breakout above $1,000 = new leg up
Is the memory supercycle just beginning or already priced in? 👇
#Micron #Semiconductors #StockAnalysis
⚠️ Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any investment decisions. Trade responsibly and only risk what you can afford to lose.
MU pulled back 0.77% to $966.78, sitting right on its 50-day MA ($964). RSI at 54.5 is dead neutral, which means the next big move could come from here. Volume is declining -- that's actually bullish consolidation.
💡 Why Watch This?
AI demand for HBM (High Bandwidth Memory) is exploding and Micron is one of only three companies that can supply it. The stock bounced from $739 to $967 (+30%) and is now digesting gains. Memory pricing is inflecting upward -- classic cycle turn.
📊 Key Levels:
- Support: $853 (50-day MA zone)
- Resistance: $1,088 (recent highs)
- Breakout above $1,000 = new leg up
Is the memory supercycle just beginning or already priced in? 👇
#Micron #Semiconductors #StockAnalysis
⚠️ Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any investment decisions. Trade responsibly and only risk what you can afford to lose.