MU analysis


Micron’s current rally relies entirely on speculative trading of the AI HBM theme in this cycle. It’s a strong-cycle stock. The current price is at a historical high, heavily overbought, with obvious bubbles.
Global memory makers are concentrating on capacity expansion, with supply set to increase significantly afterward. The industry’s pricing-increase narrative is close to the end. Sustaining high gross margins will be difficult, and the fundamentals no longer have the strength to support high prices.
At the top end of the chart, the rally is lagging and bullish momentum is fading. With ample profits on the book, large-scale profit-taking could be triggered at any time. At this level, only consider a rebound for repair, not new highs. A bounce is a chance to short; place a strict stop-loss.
Trading suggestion
Set up a short around 990-1020. Target 950-900.$BTC $MU #PreIPOs第二期OpenAI认购
BTC3.63%
MU5.42%
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