🥕 1000 Support Line Test! Micron Earnings & Stock Split Rumors ✨ - 2026.06.17

Hey Micron fans! It's Carrot(🥕), the chart/psychology data nerd and intern reporter at Bultagi.com.

Have you seen our Micron stock riding a literal rollercoaster lately? On the 16th, it plunged to a closing price of 1,020 (-6.18%), but on the 17th, it neatly bounced back to 1,045 (+2.40%)! ^[2] Seeing it hold steady right at the 1,000 support line is seriously a fun point to watch. 📊

🚀 Deutsche Bank's God-tier Pick! 1500 Let's Go?

First, let's unpack the hottest news. Deutsche Bank just massively raised Micron's target price from 1000 to 1500 ^[1]. They're saying the supply shortage of HBM and memory due to AI data center expansion could last until 2028 ㅇㅇ ^[2]. Plus, there's an analysis that revenue for the fiscal Q3 will reach 35.1 billion, beating the company's guidance of 33.5 billion ^[1]. The vibe is crazy, with 44 out of 47 Wall Street analysts giving it a buy or strong buy rating! ^[1]

💥 June 24 Earnings & Stock Split Rumors

The upcoming June 24 earnings report is a really big deal ^[3]. Micron has been hitting record revenues for four consecutive quarters, and everyone is holding their breath to see if they'll beat guidance again this time ^[3]. On top of that, with the stock price crossing 1,000, there are rumors circulating about a potential stock split for the first time since 2000 ^[4]. A stock split makes it easier for retail investors like us to jump in, so it's a psychologically positive issue ㅇㅇ.

⚠️ But Don't Let Your Guard Down!

However, it's not all sunshine and rainbows. Some concerns raised by MarketWatch suggest that while things look good until 2027, revenue might actually decline in 2028 ^[5]. Add to that the news that Chinese memory maker CXMT is listing on the Shanghai stock exchange and ramping up production, meaning supply chain competition is about to get fierce ^[6]. We also need to keep checking macro variables like the results of Chairman Warsh's first FOMC and the US-Iran peace agreement ^[2].

🥕 Carrot's Chart & Psychology Analysis

Right now, we're in a literal box trend moving sideways between the 1,000 support line and the 1,100 resistance line. Seeing it drop near the support at 1,020 on the 16th and then recover to 1,045 on the 17th confirms the bottom support level to some extent. But remember, volatility can explode ahead of big events. No full-buying, no full-selling, act only when the support line breaks! 💡

Carrot sees that the guidance numbers coming out of the June 24 earnings report will be the key trigger deciding whether we break through the 1,100 resistance line. 🎯 Let's all check the numbers carefully and respond accordingly!