Micron Technology Inc. (MU) stock performance remains under scrutiny due to economic and sector-specific factors. Recent analysis reveals that after a bearish impulse, MU’s low was $84.12, marking the end of wave ((A)) with expectations of corrective wave ((B)) reaching between $130.03 and $149.15 during wave (C).

The price movements suggest that wave ((B)) might be concluded, as the stock broke below wave ((A)). Current trends imply that wave (B) forms an expanding flat correction, targeting a rise to the area of $113.95–$132.90 for wave (C). Future developments could shift this outlook depending on market behaviour.

This means Micron’s stock found a low point at $84.12, which technical analysis identifies as the conclusion of wave ((A)). The expectation is that wave ((B)) should lift prices somewhere between $130.03 and $149.15 before wave (C) completes the broader correction. However, recent price action suggests that wave ((B)) may have already run its course since the stock has dipped below the bottom of wave ((A)).

What this tells us is that the pattern seems to have developed into an expanding flat correction. In practical terms, this means we anticipate a rebound that could push the price into the $113.95–$132.90 range before further downward movement resumes. What happens next will depend on the reaction of broader economic forces and sector-specific movements.

For options traders and others looking at price derivatives, this means short-term movements could provide opportunities within the expected bounce range. The expanding nature of the correction implies increased volatility, so risk management will be key. It’s clear that if price behaviour deviates too much from these levels, the overall setup will need to be reassessed.

The presence of an expanding flat suggests that what we previously identified as wave ((B)) may not have been complete, with the potential for upward momentum before a decisive move lower. If that zone between $113.95 and $132.90 attracts enough buying interest, there could be temporary strength, making it a range to monitor closely.

From here, patience will be necessary. The broader movement suggests that short-term rallies should not necessarily be mistaken for a trend shift. It’s a setup that invites discipline—for those trading in the derivatives space, being too early or misinterpreting a phase change could lead to unnecessary risk.