Micron dropped 5.83% today — but the selling looks exhausted 📉
MU at $910 with declining volume (0.59x ratio). That's the key signal: when price drops on shrinking volume, the selling pressure is fading, not accelerating. RSI at 48.4 is perfectly neutral — no oversold panic, no overbought fear.
Price is still above the 20-SMA, which is acting as dynamic support. The 25% pullback from 3-month highs looks like healthy consolidation within a longer-term uptrend.
📊 Key Levels:
→ Support: $861
→ Resistance: $1,088
→ SMA20: Acting as support
Semiconductor demand (AI + data center) remains the structural bull case. Today's dip on low volume could be an accumulation zone.
Buying this dip or waiting for more downside? 👇
#MU #Semiconductors #DYOR
⚠️ Not financial advice. Always do your own research before investing.
MU at $910 with declining volume (0.59x ratio). That's the key signal: when price drops on shrinking volume, the selling pressure is fading, not accelerating. RSI at 48.4 is perfectly neutral — no oversold panic, no overbought fear.
Price is still above the 20-SMA, which is acting as dynamic support. The 25% pullback from 3-month highs looks like healthy consolidation within a longer-term uptrend.
📊 Key Levels:
→ Support: $861
→ Resistance: $1,088
→ SMA20: Acting as support
Semiconductor demand (AI + data center) remains the structural bull case. Today's dip on low volume could be an accumulation zone.
Buying this dip or waiting for more downside? 👇
#MU #Semiconductors #DYOR
⚠️ Not financial advice. Always do your own research before investing.