I’m bullish on
$Micron Technology(MU)$ here, especially with HBM demand and memory pricing continuing to strengthen. The commitment to return 100% of free cash flow to shareholders also makes the story more attractive beyond just the memory cycle.
Technically, I’m watching $984 closely. A clean breakout could open the door toward $1,050 and potentially $1,100, while I’d keep $840 as the key downside level. I’m comfortable with some consolidation first rather than chasing the move.
For the options trade, I like the Aug 21 $980/$1050 bull call spread as a defined-risk way to express the breakout view. If MU breaks $984 with strong volume, I’d see that as a stronger confirmation that the rebound has further room to run. My preference is still to stay disciplined on position sizing and let price action confirm the thesis. 🐯📈
@Tiger_comments @TigerClub @TigerStars @Trend_Radar
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