FX.co ★ sudheerkumar | Don't panic - buy stocks!

MICRON Channel Down targets $650 below the 1D MA200.

Micron Technology (MU) has been trading within a Channel Down since its June 25 2026 All Time High (ATH) and is currently on its second Bearish Leg. The first one found Support just above the 1D MA100 (green trend-line), the current one is very close to testing its 1D MA200 (orange trend-line). If broken, we expect it to extend the Leg towards the bottom of the Channel Down and complete at least a -41.27% total decline as Bearish Leg 1. Our medium-term Target is $650.