MU is medium-to-long-term bullish and undervalued despite overbought signals; targets 1500-1600 by end of year or 2027 driven by HBM supply shortage.
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Micron memory also back on fire. Now this one idea sales meter version is 2.06 standard deviations. Okay, that looks overbought, but you have to look at the macro. There is now less than 10 days of memory supply, HBM, high bandwidth memory supply on the planet, and the investors now realize that.
So, they're buying now. We got the trend up. We got a buy signal. It looks it's broken above level five. This thing medium to long-term bullish. We're going to 1500, 1600 probably by the end of the year or sometime in 2027.
Um, either way, it looks overbought per meter reversion, but I don't believe it because I think it's still very undervalued.
Um, again, this was at 156 a few days ago and it's gone up to nearly 200. Wow, it hit 200 today. 199.87. An absolute beast. And it's funny cuz a week ago, I think it was on Wednesday, I made a video, should I buy which memory stock?
And this one won the competition. So, it's been a very, very, very, very nice trade.
know memory is going way higher, it's going to go it's going to double from here. Um, I just after such a huge move, I'd be very careful.
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