$Micron Technology(MU)$ Short-term revenue and sales are already known to be extremely high due to RAM prices and notes from Micron customers mentioning rising RAM prices in their results. Adding to that, Micron broke ground on a new factory in New York in January. They wouldn't invest in a new factory if they weren't confident about future demand.
Earnings are releasing in a few weeks, which will provide further solid evidence of how well they're doing now with RAM prices soaring. Plus, they'll likely provide forward guidance.
Further, the market is deciding whether to re-rate the stock based on a non-cyclical business model. That alone could send it to $1500+.
Strong fundamentals. An earnings catalyst approaching soon. And the technical chart is showing solid support with dips being bought up fast.
All bullish.
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