Micron Trade Call with Upside Trigger at 22857 and Target 237

about 1 month ago

"Now, let's talk about the AI stock that is Micron Technology. They're reporting earnings after market close tonight and have been one of the strongest stocks, even though it's sitting at 11 compared to most AI story stocks trading between 25 to 30. Even though it's been pulling back 17% from its recent high, that's clearly just a profit taking round. I want to highlight the trigger of 22857 – the trade is not for tonight but for tomorrow. The trigger to the upside is a move back above 22857 and the target is going to be a move to 237."

The speaker analyzes Micron Technology in the context of its upcoming earnings. They identify an upside trigger at 22857 and set a target of 237, suggesting that the 17% pullback is merely profit taking. The insight is aimed at positioning traders to act on the technical rebound anticipated in the near term.

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