MU recorded a short liquidation near $1,008.09, indicating aggressive short positioning was forced out around this level. The broader semiconductor tape has also recently shown renewed strength, with Micron among the chip names participating in the rebound.
Entry Zone: $998–$1,010
Support: $980 / $950
Resistance: $1,030 / $1,070
TP1: $1,030
TP2: $1,070
TP3: $1,110
Stop-Loss: $970
My Take: Holding above $1,000 keeps the short-term structure constructive. A clean breakout above $1,030 would provide stronger confirmation for continuation.
Invalidation: A sustained move below $970 cancels the long setup. Use disciplined position sizing because MU can move sharply.
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