Breakout or Breakdown? Triangle Battle in Micron

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Breakout or Breakdown? Triangle Battle in MicronMicron Technology, Inc.BATS:MUisahebdadiOn the daily timeframe, Micron Technology has formed a symmetrical triangle after a strong impulsive rally. This pattern usually signals energy compression before a sharp move. The price remains above a rising long-term moving average, keeping the broader bullish structure intact. Short-Term Outlook (Swing – Few Weeks) Bullish Scenario If price breaks and holds above $420–425: •🎯 Target 1: $445 •🎯 Target 2: $465 •🎯 Final Target: $480 •⛔ Stop Loss: Daily close below $398 Bearish Scenario If $400 support fails: •🎯 Target 1: $380 •🎯 Target 2: $360 •⛔ Stop Loss (short): Close back above $415 Long-Term Outlook (Months to 1 Year) Primary trend remains bullish with higher highs and higher lows. Long-Term Bullish Case If price stabilizes above $425: •🎯 $520 •🎯 $580 •⛔ Investment Stop: Breakdown below $360 Long-Term Correction Scenario If $360 fails: •Potential retracement toward $320–300 •Could become long-term accumulation zone. Brief Fundamental Overview Micron Technology is one of the world’s largest DRAM and NAND memory manufacturers. Key drivers: •AI and data center memory demand •Semiconductor cycle recovery •Margin expansion after downturn Risks: •Highly cyclical memory industry •Competition with Samsung Electronics and SK Hynix •Chip price volatility Overall, fundamentally positioned in a new upcycle phase — but expect volatility.