Micron (MU) down 5.7% while SK Hynix holds firm. The memory chip divergence is telling a story.
At $911.73, MU is in a clear downtrend — trading below SMA5 ($946), SMA10 ($944), and approaching SMA20 ($896). RSI at 48.5 is neutral, which means we are not oversold yet. Volume is declining at 0.53x average — sellers are not panicking, they are slowly exiting.
Key Levels:
Support: $861 (critical — a break here targets the 3-month low at $739)
Resistance: $1,088 (SMA50 area — need to reclaim this for bullish reversal)
Why This Matters:
Memory pricing is cyclical, and the recent weakness in DRAM spot prices is weighing on MU specifically. But SK Hynix is holding up (only -1.2%), suggesting the sector is not in full capitulation. This could be a stock-specific issue rather than a sector trend.
If you are holding MU, the $861 support is your line in the sand. Below that, the 3-month low at $739 becomes the target.
Are you buying this dip or waiting for $861 to hold first?
#Micron #Semiconductors #DYOR
Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly.
At $911.73, MU is in a clear downtrend — trading below SMA5 ($946), SMA10 ($944), and approaching SMA20 ($896). RSI at 48.5 is neutral, which means we are not oversold yet. Volume is declining at 0.53x average — sellers are not panicking, they are slowly exiting.
Key Levels:
Support: $861 (critical — a break here targets the 3-month low at $739)
Resistance: $1,088 (SMA50 area — need to reclaim this for bullish reversal)
Why This Matters:
Memory pricing is cyclical, and the recent weakness in DRAM spot prices is weighing on MU specifically. But SK Hynix is holding up (only -1.2%), suggesting the sector is not in full capitulation. This could be a stock-specific issue rather than a sector trend.
If you are holding MU, the $861 support is your line in the sand. Below that, the 3-month low at $739 becomes the target.
Are you buying this dip or waiting for $861 to hold first?
#Micron #Semiconductors #DYOR
Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly.