MU worth $867—would you dare to bottom-fish?

First, look at the surface: a barrage of bad news, panic and stampede.

From the June historical high of 1255, it crashed 30% to 852, then fell another 4–5% in a single day; the drop over 5 days was more than 10%, and down over 20% in a month. Trading volume clearly expanded, with longs getting slaughtered. The candlesticks tell you: 850 is supported by the 50 SMA plus the early-stage double-bottom pattern; the RSI has fallen from overbought to neutral—panic has been pushed to the extreme, and a rebound is ready to trigger.

First thing: Are Koreans snatching orders? You might be getting led by the script.

China’s CXMT competition, SK hynix’s IPO draining liquidity—media piles all the bad news onto your face, making you feel like “Micron is finished.”

But if you look closely—Micron has just signed multi-year AI memory supply agreements with Qualcomm, Denso, and Hyundai Mobis. When big customers sign long-term contracts, what does that mean? Capacity has already been locked in.

Same news—first time the market dumped it, second time the market directly ignored it. What is “excessive panic”? This is it. Retail investors are still cutting positions wildly, while KeyBanc has raised its price target to 1750.

Second thing: HBM is the “chip bottleneck” for AI, and Micron is the only U.S. player.

Even if Nvidia’s AI chips are strong, without high-bandwidth HBM memory, it’s basically scrap metal.

Micron is one of the world’s top three HBM makers—and the only U.S.-based manufacturer.

The supply-demand gap is expected to last until 2027—shortage persists, and the logic for price increases stays the same.

In the last quarter, EPS beat expectations by 20%+ and revenue grew sharply. The stock price is down 30%, but the company is earning more money than before.

Third thing: A technical signal has appeared that you must take seriously.

$850 is support from the 50 SMA plus a previous breakout level. On the 4-hour chart, a bullish reversal candlestick setup is forming; the MACD is about to form a golden cross, and the RSI has cooled back to neutral.

But $950–982 is the first strong resistance. Is it a direct break back to 1000, or will it get dumped again to 800?

Longs vs. shorts—judge for yourself.

One side is:

Strong support at 850 holds + reversal candlestick pattern

HBM supply-demand gap continues to 2027

Auto giants sign long-term deals locking demand

Analyst target price 1750, with a 50% discount to the current price

The other side is:

Down 30% from 1255—trend has been broken

Competition intensifies + SK hynix’s IPO drains liquidity

High rates suppress growth stocks

If the Nasdaq collapses, MU will likely fall with it

Key levels

Resistance above: $950–982 → 1030+ → $1200–1500

Support below: $850 → 817–800

For short-term traders:

Around 850, build a long position in batches with light leverage; stop loss at 820; first target $950–982.

For swing traders:

Wait for a daily chart breakout with volume to reclaim $950, then enter with heavy size on the right side; targets $1200–1500. If $850 breaks, stay on the sidelines and look to bottom-fish around the $800 area.

For long-term believers:

Build positions in batches below $850. The AI memory super-cycle isn’t over—this is just a violent shakeout on the way up. The 2027 targets are $1500–$1750, betting on sustained HBM scarcity plus Micron’s advantage as the only U.S.-based manufacturer. But remember—set your stop loss. Semiconductors can be harsher than crypto.

Micron right now is like Nvidia in 2023—

99% of people think “it’s gone up too much and must crash,” and yet it went from 400 to 1200.

On the day the $950 level breaks, you’ll realize:

It’s not that Micron isn’t good—it’s that you get scared off by bad news every time. #盘前合约上线长鑫存储 #PreIPOs第二期OpenAI认购 #夏日创作营 $BTC $MU $SKHY