$Micron Technology(MU)$ The first major breakout happened after clearing the heavy positioning shelf around ~$130 – that was the initial "air pocket" move.
Now we're seeing a second-leg attempt after consolidation, as price works through the next major supply zone.
The key takeaway here:
Shelf 1 cleared → impulsive expansion phase.
Consolidation → digestion of prior positioning.
Shelf 2 test → whether trend continuation stays intact or stalls.
This is classic structure-driven price action in memory names – moves tend to come in stages, not straight lines, as positioning gets repriced in layers.
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