MU is in a short-term tight range but has a long-term bull thesis targeting $1,500 within a year and strong Q4 performance.
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Right now it is slightly down but remember the QQQ is driven by Nvidia Tesla Micron all those names and that's what you need to look at to understand where this thing is going.
Tesla, SpaceX have a deal with Micron for memory. I don't know if they have a deal with SKH, but I do know Terraab, Tesla, SpaceX are working with Intel for the Terraab and this could be a way of shoring up additional memory for the future.
The other memory play is Micron. Uh, Micron did say was mean rever reverting from an overbought last week and it did just that. We have the sell signal. No buy signal yet, but again a very tight little range.
Try to draw a little line here of this little range here going back to beginning of August. It doesn't like going below 920 bucks. Every time it hits this level, it goes back up to a,000 and change and then it sells back off.
So, I got a super tight little range right here for Micron. Um, how long it'll stay, I don't know. But if you are day trading it, probably a fun one to day trade. You know, buy at 920, sell it at a,000, buy at 920, sell at a,000.
You could have done that three or four times in the last four or five weeks. Um, no breakout coming. Uh, but I do believe it'll be $1,500 within a year and it'll also have a great Q4.
Micron up a little bit in after hours. Good sign for tomorrow.
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