Memory: Everyone Puked The Lows. Now They're Chasing The Highs
From Capitulation to Resistance
Memory stocks have gone from the epicentre of the AI unwind to one of its biggest squeezes. Washed-out positioning and major technical support created the setup; now several major names are approaching meaningful resistance. That doesn't guarantee a top, but it does suggest the risk/reward for chasing fresh longs is becoming far less attractive.