$MU just delivered a monster earnings report but the post-earnings reaction is where things get interesting 👀
Q4 revenue came in at $54.23B, up 379% YoY, while FY27 Q1 revenue guidance is $61.5B ± $1.5B.
The long-term AI/memory story remains strong, but I’m seeing a more cautious short-term setup.
My $MU setup:
📊 4H: Cautious / bearish bias
📈 1D: Still bullish
The 4H chart is showing signs of a potential top:
• Price below the 4H MA cluster
• RSI: 42.59
• MACD: Negative
• OI has increased significantly
• Funding is elevated vs its 7D average
So I’m not chasing the earnings headline.
Trade idea 👇
Entry trigger: $1,072.80
Stop: $1,057.05
T1: $1,089.55
T2: $1,109.07
The setup needs a 4H close above $1,072.80 for confirmation.
If $MU breaks below $1,041.95, the short-term structure changes. I’d consider reducing exposure rather than blindly reversing.
For me the key is simple:
Strong fundamentals ≠ guaranteed short-term price action.
DYOR
Q4 revenue came in at $54.23B, up 379% YoY, while FY27 Q1 revenue guidance is $61.5B ± $1.5B.
The long-term AI/memory story remains strong, but I’m seeing a more cautious short-term setup.
My $MU setup:
📊 4H: Cautious / bearish bias
📈 1D: Still bullish
The 4H chart is showing signs of a potential top:
• Price below the 4H MA cluster
• RSI: 42.59
• MACD: Negative
• OI has increased significantly
• Funding is elevated vs its 7D average
So I’m not chasing the earnings headline.
Trade idea 👇
Entry trigger: $1,072.80
Stop: $1,057.05
T1: $1,089.55
T2: $1,109.07
The setup needs a 4H close above $1,072.80 for confirmation.
If $MU breaks below $1,041.95, the short-term structure changes. I’d consider reducing exposure rather than blindly reversing.
For me the key is simple:
Strong fundamentals ≠ guaranteed short-term price action.
DYOR
