MU FEB 2026Micron Technology, Inc.BATS:MUTWMMPROMU is consolidating below the 455.5 rejection zone (clear supply/distribution overhead), with price currently rotating around 412 after failing to reclaim the prior high. The 399.8 area is the near-term line in the sand: holding it keeps the uptrend structure intact; losing it opens a cleaner mean-reversion leg into the next demand pockets. Institutional read: the 455.5 level acts like an active distribution cap (sellers defending), while the 399.8–361.4 band looks like the current absorption zone where dips are being bought to prevent a deeper unwind. If that absorption fails, the next major defense is the 344.3 support. Below 344.3, the market likely hunts liquidity into the open gap magnets at 280 and 225, with 262.9 as a key distribution/supply pivot on the way down. Targets Target up: 455.5 (retest of supply) → 480 (trend extension if supply breaks) Target down: 361.4 → 344.3 (major support); failure opens 280 gap → 262.9