The tight consolidation span i

The tight consolidation span in the AI trade is bound to break soon, and despite the period of seasonal volatility for stocks being on our doorstep, we have a bias to expect the break to be to the upside.

Take $Micron Technology(MU)$ for example. The stock has been gyrating between $900 and $1000 for months, but with momentum indicators moving higher from July lows, the Bollinger Band width back to multi-year lows, performance relative to the market regaining a positive slope, a fundamentally strong backdrop, and the period of seasonal strength for the stock upon us, there are more signals to bet for a breakout than a breakdown. $VanEck Semiconductor ETF(SMH)$ $Roundhill Memory ETF(DRAM)$ $Technology Select Sector SPDR Fund(XLK)$

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":608873684193368,"tweetId":"608873684193368","gmtCreate":1789670128000,"gmtModify":1789699278610,"author":{"id":3527667614729340,"idStr":"3527667614729340","authorId":3527667614729340,"authorIdStr":"3527667614729340","name":"chipzzy","avatar":"https://static.tigerbbs.com/cb1b514fb84e9876b2ede5b6bd40c4cb","vip":8,"userType":8,"introduction":"-","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":137,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/3bb8a760797a4743a7c519e45861150d","width":"683","height":"496"},{"img":"https://community-static.tradeup.com/news/8ff1e150ad164643a179cf17b4fae346","width":"780","height":"828"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/3bb8a760797a4743a7c519e45861150d","width":"683","height":"496"}],"title":"","html":"<html><head></head><body>The tight consolidation span in the AI trade is bound to break soon, and despite the period of seasonal volatility for stocks being on our doorstep, we have a bias to expect the break to be to the upside.\nTake <a href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$&nbsp;</a> for example. The stock has been gyrating between $900 and $1000 for months, but with momentum indicators moving higher from July lows, the Bollinger Band width back to multi-year lows, performance relative to the market regaining a positive slope, a fundamentally strong backdrop, and the period of seasonal strength for the stock upon us, there are more signals to bet for a breakout than a breakdown. <a href=\"https://ttm.financial/S/SMH\">$VanEck Semiconductor ETF(SMH)$&nbsp;</a> <a href=\"https://ttm.financial/S/DRAM\">$Roundhill Memory ETF(DRAM)$&nbsp;</a> <a href=\"https://ttm.financial/S/XLK\">$Technology Select Sector SPDR Fund(XLK)$&nbsp;</a>\n<img src=\"https://community-static.tradeup.com/news/3bb8a760797a4743a7c519e45861150d\" tg-width=\"683\" tg-height=\"496\">\n<img src=\"https://community-static.tradeup.com/news/8ff1e150ad164643a179cf17b4fae346\" tg-width=\"780\" tg-height=\"828\"></body></html>","htmlText":"<html><head></head><body>The tight consolidation span in the AI trade is bound to break soon, and despite the period of seasonal volatility for stocks being on our doorstep, we have a bias to expect the break to be to the upside.\nTake <a href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$&nbsp;</a> for example. The stock has been gyrating between $900 and $1000 for months, but with momentum indicators moving higher from July lows, the Bollinger Band width back to multi-year lows, performance relative to the market regaining a positive slope, a fundamentally strong backdrop, and the period of seasonal strength for the stock upon us, there are more signals to bet for a breakout than a breakdown. <a href=\"https://ttm.financial/S/SMH\">$VanEck Semiconductor ETF(SMH)$&nbsp;</a> <a href=\"https://ttm.financial/S/DRAM\">$Roundhill Memory ETF(DRAM)$&nbsp;</a> <a href=\"https://ttm.financial/S/XLK\">$Technology Select Sector SPDR Fund(XLK)$&nbsp;</a>\n<img src=\"https://community-static.tradeup.com/news/3bb8a760797a4743a7c519e45861150d\" tg-width=\"683\" tg-height=\"496\">\n<img src=\"https://community-static.tradeup.com/news/8ff1e150ad164643a179cf17b4fae346\" tg-width=\"780\" tg-height=\"828\"></body></html>","text":"The tight consolidation span in the AI trade is bound to break soon, and despite the period of seasonal volatility for stocks being on our doorstep, we have a bias to expect the break to be to the upside. Take $Micron Technology(MU)$ for example. The stock has been gyrating between $900 and $1000 for months, but with momentum indicators moving higher from July lows, the Bollinger Band width back to multi-year lows, performance relative to the market regaining a positive slope, a fundamentally strong backdrop, and the period of seasonal strength for the stock upon us, there are more signals to bet for a breakout than a breakdown. $VanEck Semiconductor ETF(SMH)$ $Roundhill Memory ETF(DRAM)$ $Technology Select Sector SPDR Fund(XLK)$","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/608873684193368","repostId":0,"isVote":1,"tweetType":1,"viewCount":189,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DRAM","SMH","XLK","MU"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":621,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/608873684193368"}