MU – Semiconductors Daily Playbook
Micron is in a powerful uptrend, with price at 1,043.19 sitting well above the rising 50-SMA (718.25) and the 200-SMA (395.67) — a 163.65% premium to the long-term mean that flags extension risk even as structure remains bullish. RSI at 61.74 is firm without being overbought, but MACD at 86.94 has slipped below its signal line (91.66), hinting at fading near-term momentum despite the broader trend. Immediate support sits at the 50-SMA near 718, with the prior consolidation shelf and round-number zone around 1,000 acting as a more proximate floor; resistance is effectively the recent high band just above current price, where any breakout attempt would need to clear cleanly on expanding momentum. The setup is a momentum-pullback watch: a reclaim of the MACD signal alongside a hold above 1,000 keeps the trend setup intact, while a decisive loss of that level would shift focus toward the 50-SMA as the next test. The bullish thesis weakens on a sustained break below ~1,000 and is invalidated on a close back under the 50-SMA at 718, which would mark a structural trend change rather than a routine pullback.