Public trading strategy
Micron crashes 12% in AI panic — buy the dip on the memory chip giant
Thesis
The entire tech sector is getting punished right now, and Micron got caught in the crossfire despite being a core hardware supplier for artificial intelligence. When good companies drop 12% in a panic sale, it often creates a short-term bounce once the fear subsides. The fundamental demand for AI memory chips hasn't changed overnight, making this look like an emotional overreaction rather than a real shift in the company's value.
Strategy approach
Build a mean-reversion strategy that enters long MU on the daily timeframe when the 2-period RSI drops below 5 and price is trading more than 2 standard deviations below the 20-day simple moving average. Exit when price crosses back above the 10-day simple moving average or after a 10-day max hold.
Markets and timeframes
MU1D