$MU is still making me stay patient...
$MU is still making me stay patient.
I know a lot of eyes are on Micron right now, especially with AI and memory names swinging around every headline. But when I look at the chart, I still don't see enough to get aggressive.
If the current support fails, I think there's a real chance we revisit the recent lows before the chart starts looking healthier again.
The long-term AI demand story hasn't changed, but short-term price action and long-term fundamentals don't always move together.
I've learned the hard way that buying simply because a stock is down usually isn't a great strategy.
I'd rather wait for the trend to turn than guess where the bottom is.
MU is still one of the names I want to own over time, but right now I'm focused on letting the market prove that buyers are back in control before adding exposure.
Appreciate the support. Scalping or swinging today?
Hope you catch a great move.
