MU faces long-term downside due to future margin compression; expected to fall below $500 in two years.

Um, but again, with Micron earnings after the bell, we'll have to watch and see what happens.

Lastly, Micron. Micron looks to be opening slightly higher today. Today it will report earnings after the bell. This is probably the biggest earnings report we've had in weeks at this point.

Um because it's a trillion dollar company now and it's Micron. Everyone knows Micron. Upside. If we rally on earnings, there's a gap fill at 1150. That would be major resistance.

On the downside, I'd be watching this trend line. Look at this beautiful ascending trend line just below a,000. So those are that's resistance and the one below is support. Those will be in the after hours levels that I'm toning in on now.

Do I have a guide? Like what is my what is the chart telling me about what they're going to do? I honestly have no good read on this. I don't I think the earnings will be good.

I think they'll be great in fact, but it's not about what the earnings for this last quarter were. It's what the margins are going forward. Like at some point other factories are going to come online.

Whether it's 2027, 2028, there are factories. Micron's even building a factory, right? But we've heard SKH Highix is building etc. So the margins are going to go down. the market will give it the benefit of the doubt and probably keep it up as long as it's not in the next 12 months.

And that's what we need to look for. The market generally prices out stocks 6 to 12 months in what they're going to do over the next 6 to 12 months. If they show any sign of margin compression, this thing could go down.

And I still think within two years, this will be a sub $500 stock. Sounds crazy, I know. Maybe even sub300, but I do think it'll happen.