🧠 Memory chips are the new oil — and Micron just proved it with a +4.2% move
MU at $949.83 with a strong uptrend forming. Here's the technical snapshot:
• RSI: 54.5 — room to run before overbought
• Price above SMA5 ($894), SMA10 ($879), and SMA20 ($884)
• Still 22% below 3-month high ($1,213) — significant upside if trend holds
Why this matters for crypto traders too:
Memory chip demand = AI capex = tech liquidity that eventually flows into risk assets. When MU rallies, it's a leading indicator for market appetite.
📋 Key levels:
• Support: $762 (SMA50 zone)
• Resistance: $1,088 (previous breakdown level)
Volume declining on the push up is a slight concern — I'd want to see volume expansion to confirm continuation.
Are memory stocks on your radar? 🤔
#MU #Semiconductors #StockMarket
⚠️ Not financial advice. Always do your own research.
MU at $949.83 with a strong uptrend forming. Here's the technical snapshot:
• RSI: 54.5 — room to run before overbought
• Price above SMA5 ($894), SMA10 ($879), and SMA20 ($884)
• Still 22% below 3-month high ($1,213) — significant upside if trend holds
Why this matters for crypto traders too:
Memory chip demand = AI capex = tech liquidity that eventually flows into risk assets. When MU rallies, it's a leading indicator for market appetite.
📋 Key levels:
• Support: $762 (SMA50 zone)
• Resistance: $1,088 (previous breakdown level)
Volume declining on the push up is a slight concern — I'd want to see volume expansion to confirm continuation.
Are memory stocks on your radar? 🤔
#MU #Semiconductors #StockMarket
⚠️ Not financial advice. Always do your own research.