$MU pre-earnings: 1D structure bullish above EMA25 (1,025), but 1H rejected 1,080 supply and lost EMA99. Range 1,033–1,080 into the print 👀
My take: Street expects ~$51B revenue and ~$31.5 EPS with GM guided to 86%. The beat is priced in, so guidance and HBM4/DRAM tightness decide direction. Plan: long on 4H reclaim of 1,070 (EMA25), or a hold above 1,033 after the print. Targets 1,080, then 1,109. Invalidation: 4H close below 1,033, next support 1,024. Gap risk is real, so sizing small.
Bullish or bearish into the print? 👇
#EarningsSeason #MUusdt #MicronPostsRecord84.9%GrossMargin
My take: Street expects ~$51B revenue and ~$31.5 EPS with GM guided to 86%. The beat is priced in, so guidance and HBM4/DRAM tightness decide direction. Plan: long on 4H reclaim of 1,070 (EMA25), or a hold above 1,033 after the print. Targets 1,080, then 1,109. Invalidation: 4H close below 1,033, next support 1,024. Gap risk is real, so sizing small.
Bullish or bearish into the print? 👇
#EarningsSeason #MUusdt #MicronPostsRecord84.9%GrossMargin
