@markhamtrading — 10x breakout

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Micron stock crashes 22%: is this AI chip selloff a rare buying chance?

@markhamtrading

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Why it worked

The video taps into current market volatility and investor interest in AI-related stocks, using a specific, high-profile company like Micron to illustrate broader market trends and potential buying opportunities.

Summary

The video discusses the recent significant pullback in Micron's stock price, noting it has fallen nearly 5% today and is down 25% from its highs. The presenter highlights that this is the first time the stock has broken below its 21-day EMA, a level that previously saw a 34% drop in April.

Structure

1Micron stock is crashing
2Stock down 5% today, 25% from highs
3First time below 21-day EMA
4Previous pullback saw 34% drop
5Key support level at $825-$850
6Need to see stock above support to remain constructive

Product placement

Micron (Micron Technology): ACTS - it is a memory chip manufacturer whose stock performance is the subject of the video. Removing it would change what happens in the video. Micron: APPEARS - it is a logo on a chip shown in the thumbnail. Removing it would not change what happens in the video.

Call to action

Let me know in the comments.

On-screen text

Micron stock crashes 22%: is this AI chip selloff a rare buying chance? MICRON AND THE CRASHING RIGHT NOW. AND I'M NOT SURE WE'VE SEEN THE SELLING QUITE YET. AFTER YESTERDAY'S EXPECTED AND BRIEF THE MEMORY STOCKS OF SELLING PRESSURE RETURN TO THE SPACE AGAIN TODAY. MICRON STOCK DOWN BY NEARLY 5% TODAY'S SESSION. DID FINISH NEAR SESSION HIGHS. THIS PULLBACK IN MICRON, IT IS SIGNIFICANT THE FIRST TIME TAKEN OUT ITS 21 DAY EMA. THAT'S OUR RED IT'S THE FIRST THAT SINCE THIS PULLBACK RIGHT HERE. WHEN THAT HAPPENED MICRON FELL NEARLY 34% PEAK TO TROUGH. HIGH FLYING MOMENTUM NAME LIKE MICRON, THE TECHNICALS REALLY MATTER HERE. THAT WE'VE SEEN THE SELLING IN THIS PULLBACK FOR MICRON. LEVELS I'M WATCHING HERE FOR THE STOCK. RIGHT HERE. IT'S CALLED ABOUT $825-$850. IT'S THIS HIGH THIS LOW FROM JUNE. FOR MICRON TO REMAIN CONSTRUCTIVE, SEE THE STOCK REMAIN ABOVE THIS LEVEL. THINK ABOUT THIS? IN THE COMMENTS.

Original caption

🚀 What goes up must come down…eventually right? Well we are finally seeing signs of cooling momentum in the red-hot memory stock names like Micron. These stocks have crashed in the last week, all down 25% or more from their highs. This does not mean the memory trade is over…but it’s taking one MAJOR pause that risks becoming a bigger decline if buyers don’t step back in 📉💥#stocks #money #invest #stockmarket #micron