MU: Breakdown Below Key Uptrend Line Puts $815 Target in FocusMicron Technology, Inc.BATS:MUtimothysmith78Shares in memory chipmaker Micron (MU) slumped more than 10% Wednesday as investors booked profits following the stock more than quadrupling since the start of the year, driven by a chip memory shortage amid surging AI infrastructure demand. Taking a closer look at the technicals, the shares yesterday broke below an established uptrend line stretching back to the prominent late March swing low, setting the stage for further falls. It's also worth noting that as the stock peaked last month, the RSI made a comparatively shallower high to create a bearish divergence, a technical signal indicating weakening buying momentum. If selling continues, look for a possible drop to around $815, an area where the shares find a confluence of support near the mid-May swing high and nearby upward sloping 50 MA.