As of May 22, 2026, MU (Micron Technology, Inc.) is in a uptrend state on the daily chart, with a confidence level of 78%. Key support is at $660 and key resistance at $790. Strong HH/HL advance with a sharp breakout run to ~$790 followed by a pullback/consolidation; last price ~$751 remains well above rising EMA50/EMA100.
Continuation after digestion: price holds $660-$700, then grinds higher and attempts a breakout above the prior spike high (~$790) to new highs (likely wave-5 extension).
Deeper correction: the post-spike pullback extends (typical 38.2%–50% retrace of the $790 impulse) toward the rising EMA20/EMA50 zone before buyers reassert.
Daily close back above $780 with follow-through (2+ closes holding) would confirm trend continuation
Daily close below $660 (break of key pullback low/near-term structure) would invalidate the current continuation bias
Buy-the-dip aligned with Fibonacci retrace zones of the recent $790 impulse and rising dynamic supports (EMA20/EMA50 first, then EMA50/round-number support, then deeper mean reversion toward EMA50/SMA50 area).
Trim into potential wave-5 extension highs where price becomes increasingly stretched above EMA50/EMA100 and prior breakout volatility often mean-reverts.
As of May 22, 2026, MU (Micron Technology, Inc.) is in a uptrend state on the daily chart with 78% confidence. Strong HH/HL advance with a sharp breakout run to ~$790 followed by a pullback/consolidation; last price ~$751 remains well above rising EMA50/EMA100.
On the daily timeframe, MU has key support at $660 and key resistance at $790. The most likely scenario (bullish) targets $790 and $860, with a revert level at $720.
MU (Micron Technology, Inc.) is currently classified as uptrend on the daily chart, with 78% confidence. Confirmation requires: Daily close back above $780 with follow-through (2+ closes holding) would confirm trend continuation This would be invalidated by: Daily close below $660 (break of key pullback low/near-term structure) would invalidate the current continuation bias
The most likely scenario (bullish) targets $790 and $860, with a revert level at $720. The alternative scenario (bearish) targets $700 and $610.
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