MU - 1W - Double Bottom
While semiconductor giants like ARM and NVDA have surged over 100% YTD, Micron has significantly underperformed, rising only 8% this year and dropping more than 45% in the past three months.
However, a potential reversal may be on the horizon as a double bottom pattern forms around 83/share, accompanied by a strong bullish RSI divergence and price rebounding off the point of control (POC).
This combination signals a possible shift in momentum.
However, a potential reversal may be on the horizon as a double bottom pattern forms around 83/share, accompanied by a strong bullish RSI divergence and price rebounding off the point of control (POC).
This combination signals a possible shift in momentum.
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