Micron Stock Analysis: Why This Rally May Be Far From Over
Micron is near the beginning of a larger third wave, so the rally has substantial room to run higher
Most coveredNvidia 2 →Micron Technology 1 →Advanced Micro Devices 1 →
Micron is near the beginning of a larger third wave, so the rally has substantial room to run higher
After the fifth wave completes, Nvidia enters a larger correction toward the $150-$200 area
NVDA is in the final acceleration phase (fifth-wave extension) of the current advance, so more upside first
AMD can still move higher; a hold above roughly $600 would extend the advance toward about $770
Palantir remains in a larger corrective phase that may continue through 2027 and potentially into 2028, with $208 as key upper boundary and $105 as the key downside level.
The long-term Amazon uptrend is still intact and Amazon can continue making new highs toward the $300-$400 area, though the next phase becomes more uneven
Microsoft remains in a long-term rising channel and his long-term view stays bullish, with scenarios toward ~$650 and potentially ~$700.