MICRON 's Master Plan towards $3000.
By:TradingView
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Micron Technology (MU) has been on a relentless 1-year mega-rally since the April 2025 Low on the 1M MA100 (green trend-line), which technically was a Higher Low on the multi-year Channel Up and series of rallies-corrections since the November 2008 bottom of the U.S. Housing Crisis.
Structurally this whole pattern is similar to Micron's 80s and 90s price action straight out of its IPO. The 1M RSI sequence point out the similarities more efficiently and it appears that right now we might be on the past fractal's 2nd pause phase with the 1M RSI making a Double Top on the 89.00 level (massively overbought region).
Technically that means that the stock may find a High for this year and trade the rest sideways on a wide range. In 1995 that 2nd pause broke upwards and completed a +6830% increase from its previous major Bear Cycle bottom.
On today's fractal that Bear Cycle bottom was in September 2022. As a result, the price may take the pause here but with the 1M RSI staying within the overbought region, and then in 2027 initiate the next rally aimed at completing the +6830% total rise, targeting $3000.
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Structurally this whole pattern is similar to Micron's 80s and 90s price action straight out of its IPO. The 1M RSI sequence point out the similarities more efficiently and it appears that right now we might be on the past fractal's 2nd pause phase with the 1M RSI making a Double Top on the 89.00 level (massively overbought region).
Technically that means that the stock may find a High for this year and trade the rest sideways on a wide range. In 1995 that 2nd pause broke upwards and completed a +6830% increase from its previous major Bear Cycle bottom.
On today's fractal that Bear Cycle bottom was in September 2022. As a result, the price may take the pause here but with the 1M RSI staying within the overbought region, and then in 2027 initiate the next rally aimed at completing the +6830% total rise, targeting $3000.
---
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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