Overnight surged 16%! After Micron's "earnings bomb" detonated, where's the next entry point?


Earnings report explosive, after-hours soaring 16%—but don't rush into FOMO! Smart money has already positioned at $983; those chasing highs are brave, those waiting for pullbacks are hunters.
News: Earnings are not just "beat expectations," they are "crushing"
Micron Q3 revenue $41.46B, expected $35.4 billion; next quarter outlook $50 billion, expected $42.9 billion—total crushing.
CEO stated "strategic value of storage in the AI era," directly driving the entire sector after-hours, with Seagate, Western Digital, SanDisk all surging 10%+.
Fundamentals impeccable, short-term sentiment already exploded.
Technicals: 1-hour chart enters "overbought excitement zone"
Current price $1205, hugging upper Bollinger Band, RSI 72.9 in overbought territory, MACD golden cross but momentum bars showing signs of shortening—indicating short-term surge too strong, need for pullback.
First strong support below in the $1150-1180 area, also the "golden pit" position for you to consider going long.
Smart money: Longs profiting big, shorts suffering heavy losses
Longs average cost $983, unrealized profit $14.67 million, profit ratio as high as 94%—a solid victory.
Shorts: 226 individuals, average cost $1113, unrealized loss $5.42 million, profit ratio only 7%, essentially "blown out."
But note: long/short ratio dropped from 160% yesterday to 111%, indicating some longs have started taking profits, short-term selling pressure accumulating.
Personal view: overall direction still bullish, but don't chase short-term. Go long near 1150-1180; if want short-term short, try light short at 1205-1215, quick in and out.
Remember—good earnings are the foundation for the long term, but candlesticks always have a breathing rhythm.
#0成本拿2股SK海力士 $MU
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QuietValidator
· 16h ago
The earnings report is indeed explosive, but chasing in at RSI 72.9 requires courage. I'll wait and see around 1150.
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