While semiconductor giants like ARM and NVDA have surged over 100% YTD, Micron has significantly underperformed, rising only 8% this year and dropping more than 45% in the past three months.
However, a potential reversal may be on the horizon as a double bottom pattern forms around $83/share, accompanied by a strong bullish RSI divergence and price rebounding off the point of control (POC).
This combination signals a possible shift in momentum.
However, a potential reversal may be on the horizon as a double bottom pattern forms around $83/share, accompanied by a strong bullish RSI divergence and price rebounding off the point of control (POC).
This combination signals a possible shift in momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.