Ansem Turns Attention to US Stocks: Micron and Some AI Concept Stocks Oversold, Rally May Give Way to Prolonged Consolidation

Odaily reports that crypto trader Ansem has shifted his focus to US stocks, analyzing that Micron and some AI-related stocks that saw sharp declines this week may be nearing a short-term rebound. Micron's stock price has fallen about 34% over the past week, and the current sell-off appears somewhat overdone. He expects related stocks may see gains next week but remains cautious about the subsequent trajectory.

Ansem believes that if stock prices rebound toward previous support levels, it could offer investors an opportunity to reduce risk, after which the stocks may enter a more prolonged consolidation phase. The eventual bottoming process is expected to be slower than this round of rapid selling, with relatively smaller volatility.