Schwab Network on $MU (Oct 27, 2026)

And Jessica, your next pick is Micron, and I'm wondering if free cash flow is also part of the equation here , because I remember when I covered their earnings report, it was up about 20 times from fiscal '26 to '25. It certainly was.

This leads me to Micron. They are emerging outside of the traditional boom and bust cycle of memory. They are increasing profits and cash flow due to AI demand, limited supply, and long-term customer contracts.

Robotics could be the next big growth opportunity because of Elon Musk's tweet. You're right , their free cash flow has turned around. This is very positive. Memory shortages have created a bottleneck in AI.

These are limiting the AI system and performance configuration. This is a catalyst for Micron. We need that memory. In addition, there is also a catalyst for robotics. Musk predicted RAM and demand for robots in the future.

We know that we are moving towards a physical AI that requires memory. Micron is its beneficiary. And there is transparency in the contract. If we look at 3-5 year take-or-pay agreements , they help stabilize future revenues.

And all this memory demand supports multi-year growth. Robotics is an added advantage that I think has n't been fully realized yet. It is a high beta stock, but still has upward momentum from a fundamental perspective.

Looking at the last few sessions, we see some optimism, and maybe we will see a bounce-back rally in the next few weeks , Marley. We clearly saw that the stock made a big move in the upward direction.

Jessica Canna has already talked about fundamentals , but looking at the technical side, we see the level near $1,200 , where the stock had become a bit overextended. You can see that both the rise and fall in price were very aggressive.

You're talking about a 5% or 8% rise every day for about a week and a half to two weeks. And that's where we start to see this downward breakdown. We had this hangman pattern , which indicates a bear market.

We also had this shooting star pattern , which is indicative of a bear market. We got a nice hammer pattern from the 20-day moving average. It tried to hold , but then we dropped below the 20- day and 50- day moving averages.

And we were in a lot of this situation , although it ca n't be called a bare flag, it looks like a bare flag because we were making higher lows. We were making higher highs , but price action broke that particular flag pattern.

Now, we are below both the 20 and 50 moving averages. Yes, the price action over the last 3 days was actually pretty good. And where you can be a little optimistic is that the RSI is now showing signs of trending upwards.

The MACD is starting to flatten out and is even trying to rise above the 12 EMA and the 26 EMA. It's not done yet, but if it stays that way, you can look at the 20 and 50-day moving averages as the first major resistance areas.

If you can break through it and move up, the area around $1,150 will be your next major resistance. If you look at the weekly chart, I would say it indicates a bit more of a bear market , although a countertrend rally could occur in the next 3 weeks.

The reason I say this is that we have had a big movement , a consolidation , we are holding the lower support area , we are below the 20 -week moving average , and that is where I am a little more pessimistic.

In the past, especially looking back to March 30th of this year , we used that 20-week moving average as a support area. For now, it will serve as a resistance area. If we break down , we can see a downside target of $700 for the long term.

The upside target is $1,090. And we also see that the RSI is making lower highs. The MACD is still above zero, but below the 12 EMA, 26 EMA. Cautiously optimistic, you could say this is a counter trend for the next week or two, but overall there is some weakness in the technical side of this stock.

After seeing a similar decline in price over the same period as Micron,