South Korea's stock market plunges 6%, dragging down the chip sector! $MU Falling from highs, longs are buried!



The KOSPI index in South Korea plunges 6%, erasing all gains since Micron's earnings report. SK Hynix drops 5.3%, Samsung drops 5.4% — Asian chip stocks collectively collapse, MU can't stand alone!

Technical analysis: MACD death cross confirmed, RSI plunges to 25!

MACD just formed a death cross, bears confirm the downtrend! RSI falls into extreme oversold territory, but in this kind of sell-off, oversold can get even more oversold — don't bottom-fish, trend is king!

Panic in South Korea's stock market will spill over into pre-market US trading! A 6% single-day drop in KOSPI is a systemic panic signal; the US semiconductor sector will inevitably follow lower at the open! MU's drop from 1250 to 1150 is just the beginning, with support at 1100 below, and if broken, it will head straight to 1050!

Trading strategy:

Aggressive: short directly around 1150 current price
Cautious: wait for a bounce to 1170-1180 before shorting
Don't bottom-fish, let the panic run its course!
#美光市值超越Meta跻身全美前十 #美国年度净资本流入创8840亿新高
MU-5.26%
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ZkSketcher
· 1h ago
Micron had just finished boasting about its earnings when it got stabbed in the back by its Asian brothers—this script is more thrilling than a Korean drama.
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ToBeHonest,You'llLose
· 1h ago
Short at 1170-1180, let the panic fly a little longer. Don't talk about feelings in the face of the trend.
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QuantsAndCats
· 1h ago
Korean stocks dropped 6%, MU bulls are dumbfounded, RSI 25 looks tempting but really dare not catch a falling knife.
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