Did you get left behind after the $$MU drop from $1027?

First, look at the surface: it fell from 1255 to 900, a 25% drop — scary, right?
But then look at today: pre-market it kept rising 4%, reaching 1010. Bank of America’s top-rated analyst Vivek Arya directly said, “The market is underestimating Micron,” with a target price of 1550. The Wall Street average target price is 1563, implying another 64% upside.
First question: is the 25% pullback a “golden pit” or a “burial pit”?
MU has risen 700% over the past 12 months and 229% year to date. Q2 revenue was 23.86 billion, up 196% year over year; gross profit was 17.76 billion, up 499%. Free cash flow was 26.2 billion, up 1291% year over year.
A company whose revenue has tripled and profit has quintupled, and its stock price pulls back 25% — what are you panicking about?
Second question: three catalysts, each stronger than the last
Catalyst one: Japan factory expansion, with 1.5 trillion yen being poured in.
Catalyst two: the memory supercycle, with HBM in short supply.
Catalyst three: SK Hynix’s U.S. IPO, igniting the entire sector.
The whole sector is rising, not just MU fighting alone.
Third question: technicals tell you — the bears got squeezed
From the low of 900.41, it rebounded in a V-shape directly to 1027, with a single-day amplitude of 6.24%
Trading volume of 39.8 billion ranked first in the entire market — this is real institutional buying back in with cash
RSI was violently pulled back from oversold territory, and a MACD golden cross signal appeared
The key resistance at 1025-1030 is being tested. Once it holds, the target points straight to 1100 → 1214 → 1255 (ATH)
In a bull market, a 25% pullback is called a “golden pit”; in a bear market, a 25% pullback is called an “abyss.”
The only difference is whether the fundamentals have changed.
Have MU’s fundamentals changed? Q3 revenue was 41.5 billion, up 346% year over year. Net profit was 28.2 billion, up 205% year over year. Is that getting worse? That’s unbelievably strong.
Key levels
Upper resistance: 1025-1030 → 1080-1100 → 1214 → 1255
Lower support: 1000-1010 → 980 → 900
For short-term traders:
Wait for a pullback to 1010-1015 before entering, set a stop-loss at 995, and take half off at the first target of 1080-1100. After it holds above 1025-1030, add to the position and look for 1200-1255
For swing traders:
Wait for the daily close to hold above 1025 before getting in, use a trailing stop, and target 1255-1500.
For long-term believers:
Buy below 1000 without hesitation. Add every 5% drop, and hold for 6-12 months. You’re betting on $1.5 trillion of AI infrastructure spending + the memory supercycle lasting until 2028. Analyst target price: 1500+
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