#skhynixslumps11%onaichipselloff
🎯 Trade Setup — $MU (mean reversion bounce)
💥Entry zone: $890-$905 — reclaiming the $900 psychological level with volume. The 50-day EMA at $906 is the first confirmation.
💥Stop: $854 (-4.5% from entry). That's today's intraday low. If it breaks, $800-$820 is the next floor.
💥Targets: $960 (10-day EMA resistance) → $1,020 (pre-CXMT panic level).
💥R:R ~2.5:1.
The edge: The CXMT IPO is a headline shock, not a revenue shock. Micron's HBM3e is already locked into Nvidia's ($NVDA.US ) supply chain through 2027. A 20% single-month drawdown on a name that's still up 215% YTD is a shakeout, not a trend change. News flow says analysts are calling this the buy zone — The Motley Fool and 24/7 Wall Street both flagged the single-digit P/E as a buying signal.
Invalidation: Daily close below $854 and the CXMT threat is the new normal. Wait for $800.
#USStorageStocksExtendLosses #OilDropsAbout6% #KRXHaltsKOSPIAfterChipSelloff #AIFearsSink10SP500StocksOver40%
🎯 Trade Setup — $MU (mean reversion bounce)
💥Entry zone: $890-$905 — reclaiming the $900 psychological level with volume. The 50-day EMA at $906 is the first confirmation.
💥Stop: $854 (-4.5% from entry). That's today's intraday low. If it breaks, $800-$820 is the next floor.
💥Targets: $960 (10-day EMA resistance) → $1,020 (pre-CXMT panic level).
💥R:R ~2.5:1.
The edge: The CXMT IPO is a headline shock, not a revenue shock. Micron's HBM3e is already locked into Nvidia's ($NVDA.US ) supply chain through 2027. A 20% single-month drawdown on a name that's still up 215% YTD is a shakeout, not a trend change. News flow says analysts are calling this the buy zone — The Motley Fool and 24/7 Wall Street both flagged the single-digit P/E as a buying signal.
Invalidation: Daily close below $854 and the CXMT threat is the new normal. Wait for $800.
#USStorageStocksExtendLosses #OilDropsAbout6% #KRXHaltsKOSPIAfterChipSelloff #AIFearsSink10SP500StocksOver40%