As of May 22, 2026, MU (Micron Technology, Inc.) is in a parabolic state on the weekly chart, with a confidence level of 78%. Key support is at $660 and key resistance at $780. Vertical breakout to new highs followed by a sharp pullback from the spike-top; price still far above all major MAs with elevated volume and RSI (~81).
Parabolic consolidation: price chops lower/high-volatility, holds above the breakout shelf, then attempts another push toward the prior high once EMA50 (pink) catches up.
Parabolic mean-reversion: deeper weekly pullback to cool RSI/extension, tagging the rising EMA20/near-term structure, with risk of a momentum unwind before a base forms.
Weekly close above $780 with follow-through (next week holding above $780)
Weekly close below $660 (break of the most recent spike-breakout base/handle area)
Buy zones are mapped to likely mean-reversion supports: $600-$660 (breakout shelf/first pullback), then deeper retrace bands ($520-$600), with heavy add near the prior consolidation zone/EMA20-EMA50 catch-up area ($420-$480).
Trims are placed into strength at/above the prior spike high ($780+) where parabolic names often retrace; higher bands assume continued Wave-5 style extension where risk/reward degrades quickly.
As of May 22, 2026, MU (Micron Technology, Inc.) is in a parabolic state on the weekly chart with 78% confidence. Vertical breakout to new highs followed by a sharp pullback from the spike-top; price still far above all major MAs with elevated volume and RSI (~81).
On the weekly timeframe, MU has key support at $660 and key resistance at $780. The most likely scenario (bullish) targets $780 and $840, with a revert level at $690.
MU (Micron Technology, Inc.) is currently classified as parabolic on the weekly chart, with 78% confidence. Confirmation requires: Weekly close above $780 with follow-through (next week holding above $780) This would be invalidated by: Weekly close below $660 (break of the most recent spike-breakout base/handle area)
The most likely scenario (bullish) targets $780 and $840, with a revert level at $690. The alternative scenario (bearish) targets $600 and $520.
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