🧠 Micron sitting pretty at $966.78 in a tight consolidation — just -0.77% today while the semiconductor sector catches its breath. RSI at 54.5 = perfectly neutral.
All moving averages are stacked bullishly (price > SMA50 > SMA20 > SMA10), but volume is declining at 0.6x average. That's the classic setup before a directional move.
The AI memory chip demand story hasn't changed. Micron's HBM3E chips are sold out through 2026. This is accumulation territory.
📍 Key Levels:
• Support: $853 (strong) | SMA50: $965
• Resistance: $1,088 (3-month high area)
• 20% below 3-month high = discount zone
🔋 Semiconductor cycle: early innings or peak? What's your read on memory demand? 👇
#Semiconductors #AI #DYOR
📢 Disclaimer: Not financial advice. Stock trading involves risk. Do your own research.
All moving averages are stacked bullishly (price > SMA50 > SMA20 > SMA10), but volume is declining at 0.6x average. That's the classic setup before a directional move.
The AI memory chip demand story hasn't changed. Micron's HBM3E chips are sold out through 2026. This is accumulation territory.
📍 Key Levels:
• Support: $853 (strong) | SMA50: $965
• Resistance: $1,088 (3-month high area)
• 20% below 3-month high = discount zone
🔋 Semiconductor cycle: early innings or peak? What's your read on memory demand? 👇
#Semiconductors #AI #DYOR
📢 Disclaimer: Not financial advice. Stock trading involves risk. Do your own research.