Think of 850 as a "safety net" or a "trampoline" for Micron ($MU).
When the stock price drops to this point, a few things happen to help cushion the fall and potentially push it back up:
The Bargain Hunters Step In: Investors who missed out on buying $MU earlier look at 850 and see a great discount. They start buying, which stops the price from dropping further.
The Chart Safety Net: On the technical charts, the 850 area lines up with a major long-term trendline and previous "demand zones" where the stock successfully bounced back in the past.
Automatic Buyers: Many big institutional investors and computerized trading algorithms have pre-programmed instructions to automatically buy shares if the price dips to this specific level, instantly putting the brakes on a sell-off.
In short, 850 is the price point where the buyers finally outnumber the sellers, helping to turn a downward slide into a potential rebound.
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