$MU Tests Support, $AMD Weakens, $ORCL Enters a Buy Zone
The AI sector remains one of the market's strongest long-term themes, but several leading names have reached critical technical levels that could determine their next major move.
While long-term fundamentals remain intact, price action suggests institutional positioning is becoming increasingly important.
Here's a look at the current setups for Micron Technology, Advanced Micro Devices, and Oracle, along with the key support levels and scenarios investors should be watching over the coming sessions.
1. $Micron Technology(MU)$
$MU needs to hold $800 of we will re-distribute back to discount zone very quickly
I anticipated a stronger move back to $1100 best case first, but we didn't get enough strength to make that move yet.
Seems big money is setting retail to hold the bag
I truly hope I am wrong 💼
2. $Advanced Micro Devices(AMD)$
$AMD $440 support should be coming up next.
As we continue to make lower highs and reject on Institutional Sell zone, this is not a good look.
Combined Signal System removed bullish outlook last week.
That is normally a short term top before re-distribution.
Expecting $340 if this can't hold support
3. $Oracle(ORCL)$
Insane discount on $ORCL right now
Liquidity run to the downside is in play, most likely tagging out stop losses over the past month.
Structure is still bullish
Monthly Fair Value being tested
Chance of this being the bottom is only around 50%, but with RVR off the charts I would take this setup every time 🎯
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