MU — the trendline says $1,000

TradingView2026/05/09 02:45

By:TradingView

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⚖ MU — the trendline says $1,000
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🪨 Spot: $730.39 (+41% MoM). Monthly chart, 32 years of structure.
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📜 The two trendlines:
▪ Upper trendline from 2000 dot-com peak → $1,012 by November 2026
▪ Lower trendline from 1995 base → ~$330 floor
▪ Spot sits at the upper boundary
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🧭 Friday flow:
▪ $20.8M of LEAPs / 11 prints / Ask-side / 6-12 months out
▪ Max strike $1,360 (+86% / +$630)
▪ Premium-weighted target $1,002 (+43%)
▪ Institutions positioned exactly where the trendline projects
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🏛 Macro:
▪ Q2 FY26: Revenue $23.9B (+196% YoY), gross margin 75% record
▪ Q3 guide: $33.5B revenue / 81% margin
▪ HBM sold out through 2027
▪ Analyst PT range: $249-$1,000 (D.A. Davidson high)
▪ Consensus $551, TD Cowen $660
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🛡 The bear case (also real):
▪ $123M $850P Jan27 stack from Thursday — institutional bear thesis
▪ Memory cycle peak narrative 2026/2027
▪ Sector technically stretched, P/E 26x
▪ Most contested name on tape
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🪞 Read:
The 32-year trendline projects to $1,000 by year-end. The institutional LEAPs project to $1,000 by year-end. The fundamentals (HBM sold out + 81% guided margins) support the path.
The bear stack from Thursday says the cycle peaks before the trendline target hits. Both can be true — cycle peaks at $1,000, then resets.
This is the highest-conviction setup on the tape and the most contested. Trade size accordingly.
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Process over prediction. Risk-first, always.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MU — the trendline says $1,000

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