Micron (MU) Breaks Falling Channel - Bullish Signal Micron Technology, Inc.BATS:MUAbirstockMicron Technology shares fell sharply after the company’s strong Q3 results, dropping roughly 30% and bottoming near $738 on July 29. That level has since acted as support. Price had been contained in a falling channel through late July. MU has now broken above that channel, a move technicians generally view as a bullish signal. The breakout suggests selling pressure may be easing and that bullish momentum could be returning. Opportunity: If momentum builds, the nearest resistance sits around $1,011—the late-July swing high. A sustained move through that level would open the door to further upside and potentially attract fresh buyers. Risk: Failure to hold the breakout and a return into the prior falling channel would weaken the setup. In that case, downside risk increases toward the $739 support zone. Broader semiconductor volatility or weaker-than-expected AI memory demand could also pressure the stock. Traders and investors may consider long positions only on confirmation of strength, with volume support and a clear hold above the channel.