Micron Technology (MU) Bullish Path Targets $1400

Elliottwave_Forecast
06-03 21:20

Micron Technology Inc (NASDAQ: MU) stands as one of the largest semiconductor producers in the USA. It trails only giants like NVIDIA and Intel. In recent months, the stock price doubled to a milestone above $1000. This article explores the bullish Elliott Wave structure behind MU’s upward trajectory. Our analysis highlights potential advances and key targets for investors.

Since its April 2025 low, MU started a new impulsive advance within wave (III). This created a bullish nesting structure. The current rally shows an incomplete sequence within wave ((3)) of III. Therefore, this represents the strongest wave of the entire cycle.

The stock’s initial target sits at the $1159 – $1278 equal legs area. However, this zone will not stop the rally. The full extension comes at the $1472 Fibonacci 1.618 level. MU could face some profit-taking there as the third wave extension ends.

Investors will continue seeking buying opportunities during fourth wave pullbacks. These corrections will appear within daily timeframes.

MU Weekly Chart 6.3.2026

MU Weekly Chart 6.3.2026

The following video offers a technical outlook for Micron Technology:

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Conclusion

Micron Technology maintains a strong bullish trend. The stock appears ready for additional gains. Consequently, traders should focus on entry points during daily dips.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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