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Micron Stock Tests $899 Support as Memory Shortage and Taiwan Labor Risk Collide

Micron Stock Tests $899 Support as Memory Shortage and Taiwan Labor Risk Collide

TradingKey – Micron enters September 16 after closing September 15 at $927.60, up 0.39% and close to the $927.16 chart reference. The stock is currently testing a key technical region. Here the rising trendline, potential horizontal support around $898.59, and the moving average @$931.58 all come together. Looking at the fundamentals, the potential setup is strong given the tight memory supply, the shipping of HBM4, and Micron’s projection of strong Q4 growth. The new main risk is disruption in the labor market of Taiwan, the most important manufacturing region for Micron.

Memory Pricing Remains Exceptionally Strong

The last reported quarter by Micron was exceptional, with Fiscal Q3 reporting revenues of $41.46 billion, and non-GAAP EPS…

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