From Seekingalpha · Michael Del Monte · · 50s
Wait For Micron Pullback Before Leveraging
Micron's growth potential could be amplified by a pullback in its leveraged ETF.
In brief
Micron's growth potential could be amplified by a pullback in its leveraged ETF. GraniteShares 2x Long MU Daily ETF (MULL) may decline to $12 before a new upcycle due to near-term market uncertainty. Originally reported by Seekingalpha.
MULL ETF Overview
GraniteShares 2x Long MU Daily ETF aims to provide 200% daily performance of Micron stock.
Micron's Growth Outlook
Micron reported robust FY26 close with expanding fabrication capacity, strong memory and storage demand, and pricing power through FY27-28.
Near-Term Market Uncertainty
Higher interest rates, market volatility, and technical factors may drive a selling cycle for MULL.
MULL Price Target
MULL potentially declines to $12 before a new upcycle due to near-term selling pressure.
Leveraged Structure Risks
MULL's leveraged structure amplifies both upside and downside, requiring strict risk management for tactical short-term trading.
Here's the gist
GraniteShares 2x Long MU Daily ETF (MULL) may decline to $12 before a new upcycle due to near-term market uncertainty.
