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FireFly Metals (ASX:FFM,TSX:FFM,OTC Pink:MNXMF) has attained firm commitments to raise up to about AU$95 million, giving it a total of AU$135 million for its multi-pronged growth strategy.

The company highlighted on Tuesday (June 10) that the equity financing will be completed via the issuance of approximately 94.7 million fully paid ordinary shares; it will receive around AU$1 per new share.

The funds will be raised via three transactions, with the first being an AU$11.2 million charity flow-through placement to Canadian investors. This will be followed by a AU$54.9 million two-tranche institutional placement, as well as a AU$28.8 million fully underwritten Canadian bought-deal offering with BMO Capital Markets.

Alongside the equity raising, FireFly is inviting shareholders to participate in a non-underwritten share purchase plan (SPP) that can potentially raise up to AU$5 million before costs.

Proceeds of the equity raising and the SPP will collectively be allotted to advance the Green Bay copper-gold project in Canada, including transaction costs and working capital.

Located in the Baie Verte district of Northeast Newfoundland on Canada’s east coast, Green Bay was acquired by FireFly in August 2023. Green Bay includes Ming underground mine, which was mined between 1972 and 1982, with activity restarting in 2012. Historic production totaled 6.7 million metric tons (MT) at 2 percent for 134,000 MT of copper.

Measured and indicated resources at Ming are at 21.5 million MT at 1.8 percent for 307,000 MT of copper equivalent, while inferred resources are at 28.4 million MT at 2 percent for 576,000 MT of copper equivalent.

FireFly began drilling at Ming in October 2023, completing 79 drill holes across 37,110 meters within a year.

“The overwhelming demand for the raising reflects the quality and growth outlook at Green Bay, our commitment to a multi-rig exploration campaign and the demand among global investors for top-shelf copper-gold projects,” said FireFly Managing Director Steve Parsons in the company’s press release.

He called the asset, alongside FireFly’s exploration team and AU$135 million in funding, “the ideal recipe for growth.”

FireFly states on its website that it will continue with its low-cost rapid resource growth strategy, with the underground exploration drill drive at the Ming deposit to be extended during this year.

The company debuted on the Toronto Stock Exchange in December 2024.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Indiana Pacers are now up 2-1 in the 2025 NBA Finals against the Oklahoma City Thunder, thanks to a monster performance by Pacers guard Bennedict Mathurin.

Mathurin scored a game-high 27 points off the bench in the Pacers’ 116-107 win over the Thunder in Game 3 at Gainbridge Fieldhouse. He shot 9-of-12 from the field, 2-of-3 from 3 and 7-of-8 from the free throw line.

‘So many of the guys chipped in. This guy behind me, Ben Mathurin, was amazing off the bench tonight. He just stuck with it,’ Tyrese Haliburton said after the win. ‘Our bench was amazing.’

Mathurin is not yet a household name, but his postseason play is catching everyone’s attention. Just who is Mathurin? USA TODAY Sports rounded up everything you need to know about the 22-year-old guard, who has become an integral piece in the Pacers’ rotation:

Who is Bennedict Mathurin?

Mathurin, 22, is a shooting guard for the Indiana Pacers. He’s in his third season in the NBA. He wears No. 00.

Where is Bennedict Mathurin from?

Mathurin was born June 19, 2002 in Montreal, Quebec. Basketball runs in the family. His older sister Jennifer played college basketball at North Carolina State from 2013-2017 and his brother Dominique Jeune had dreams of playing in the NBA. Tragedy struck the Mathurin family when 15-year-old Dominique Jeune was struck by a car and killed while riding his bike home from school. Mathurin was 12 at the time of his brother’s death.

“He’s my inspiration,” Mathurin said in 2022. “He wanted to play in the NBA. It was a mission for me and him as well.”

In 2018, Mathurin left home at age 15 to enter the NBA Academy Latin America in Mexico City, a year-round elite basketball development program for top high school-age players.

Bennedict Mathurin college career

Bennedict Mathurin played two seasons of collegiate basketball at the University of Arizona. He was named to the Pac-12 All-Freshman Team in 2021 after averaging 10.8 points, 4.8 rebounds and 1.2 assists in 26 games (12 starts). Mathurin was promoted to the starting lineup for his sophomore campaign, and he averaged 17.7 points, 5.6 rebounds and 2.5 assists in 37 games (all starts). He was named a second team All-American and picked up Pac-12 Player of the Year and First Team All Pac-12 honors.

Bennedict Mathurin draft

Bennedict Mathurin was selected out of Arizona by the Pacers with the sixth overall pick of the 2022 NBA Draft. Mathurin instantly made a splash in the league and he averaged 16.7 points, 4.1 rebounds and 1.5 assists in 78 games (17 starts). He was named to the 2023 NBA All-Rookie First Team, finished fourth in Rookie of the Year voting and set a Pacers franchise record for most 3s made by a rookie (100).

“Every once in a while, there is a young player that comes out of college whose game is much more suited to the NBA than college, and I think Ben might be one of those guys,” Pacers coach Rick Carlisle said in 2022. “He had great coaching in college and was Player of the Year in the Pac-12. … But it is unique for a guy at this stage to have that feel.”

Mathurin’s sophomore season was cut short due to a torn labrum in his right shoulder.

Bennedict Mathurin stats: 2024-25 season

Mathurin averaged 16.1 points, 5.3 rebounds and 1.9 assists in 72 regular-season games (49 starts). He’s averaging 15.3 points, 3.0 rebounds and 1.3 assists through the first three games of the NBA Finals.

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PITTSBURGH — A few hours after Aaron Rodgers signed the contract at team headquarters on Saturday that made it official, the new Pittsburgh Steelers quarterback showed up at a backyard cookout.

As Rodgers arrived, the host jumped out of his seat at the end of the driveway and greeted his high-profile visitor with a bro-hug. Rodgers, in turn, came bearing a gift that he presented to the host. Classy move.

The host? Mike Tomlin.

Witnessing this energetic exchange was classic. The love exhibited between Rodgers and his new coach seemed so genuine. And what a fitting place for Rodgers to jump-start the process of acclimating to a new environment.

The quarterback seemed laid-back, open and comfortable as he mingled with Tomlin and many of the guests for a few hours during the cookout.

“That was so cool,” Rodgers told USA TODAY Sports, reflecting on Tuesday during his debut at the opening of the Steelers minicamp. “Had a great time.”

Tomlin has hosted the event around this time on the calendar for several years, inviting staff, family and friends – and this year he doubled down on the top-shelf catering, adding BBQ to the usual Louisiana seafood fare – so Rodgers’ timing was spot-on.

And his presence may have had added significance when considering the weight that Rodgers, 41, put on his emerging relationship with Tomlin as a key factor for joining the Steelers. For the bulk of the offseason, as Rodgers sorted through myriad personal and professional matters, including retirement, he talked to Tomlin at least once per week.

“The way that the conversations went between him and I, between whenever it was in March, through April and the last Sunday when I called him, was some of the coolest conversations I’ve had in the game. Definitely, with a head coach,” Rodgers said during a post-practice press conference. “He’s a big reason I’m here. I believe in him and I am excited to play for him.”

Rodgers added that the vibe with Tomlin ultimately narrowed his process.

“I think there were some conversations with other organizations, for sure, but the more that it fell in between me and Mike made it to where, as I was going through my personal stuff, there wasn’t any other option,’ Rodgers said. ‘It was here or not play.”Bonding with Tomlin undoubtedly is crucial to the potential for a positive Pittsburgh experience. Yet it is hardly the only key relationship that Rodgers wants to develop.

His social calendar the past few days is proof of that intent. Rodgers followed the Tomlin cookout by attending an outing for players hosted by team captain Cam Heyward.

“It’s been good,” Rodgers told USA TODAY Sports of his acclimation process. “It’s exciting. I went to Cam’s cookout on Sunday and then went to his golf tournament (on Monday).”

At Heyward’s event, which raised funds for his charity foundation, Rodgers was seen driving a golf cart while DK Metcalf rode shotgun. How fitting. Metcalf, the big-play receiver the Steelers acquired from the Seattle Seahawks in March, is Rodgers’ most talented weapon. They need to bond.

And they both know it.

Metcalf worked out with Rodgers in Southern California earlier in the offseason. And Rodgers said the receiver has been “blowing up” his phone with text messages. Meanwhile, tight end Pat Freiermuth has connected with direct messages on social media. Rodgers and Freiermuth could make it to the U.S. Open golf tournament being staged at Oakmont, Pennsylvania, this weekend.

Who is Aaron Rodgers’ wife? What we know so far about Steelers QB’s marriage

Then there’s the matter of football chemistry. Rodgers is looking to arrange workouts with skilled-position players during the five-week window between the end of minicamp and the July 23 report date for training camp in Latrobe, Pennsylvania. Details are TBD. But Rodgers, who has a home in Southern California, has the location covered.

“I have to try and convince them to come out to Malibu, California,” he said.

Rodgers worked in conditioning and individual football drills during his first day at minicamp. His movement was fluid and his passes were tight and crisp. He offered to do more and participate in the team drills, but Tomlin nixed that idea.

“June reps are a heck of a lot more important for a guy like Will Howard at this stage of his career than they are for a guy that’s been doing it 20 years,” Tomlin said, using the sixth-round rookie for a comparison. “So, whatever reps he gets, you take away from a guy like Will Howard. And we’re trying to get this collective ready for training camp.”

In other words, now that Rodgers is in the fold, there’s no need to push it at this point.

Besides, he’s still learning the offense. While the other quarterbacks took the snaps in team drills, Rodgers listened to play-calls on his helmet and followed plays on the practice script. He also spent time conversing with offensive coordinator Arthur Smith.

Which brings to mind more acclimation. As Rodgers absorbs a new offense, Smith will be tasked to tailor the scheme to his Hall of Fame-credentialed quarterback. Their ability to mesh will be crucial and invites scrutiny when considering the reported friction last season between Smith and another veteran quarterback, Russell Wilson.

Rodgers, meanwhile, has long been regarded as having one of the NFL’s sharpest minds – which leads to the expectation that he will get extensive leeway in a system.

He pushed back a bit, though, when essentially asked on Tuesday if he needs to have the freedom to be able to take over an offense when he sees fit.

“The idea that somehow I need to, or I’ve spent most of my career playing outside of an offensive system is just not correct,” Rodgers said. “I’m going to learn the offense and Arthur and I are going to talk a bunch this summer and if there are some things that I like, that I’d like to see in the offense, Arthur, I’m sure, is going to put it in. But he knows how to call a game; I know how to get us in the right spot, based on what’s called. There’s two or three plays called in the huddle sometimes. My job is to get us in the right play.”

Let Aaron cook?

Stay tuned. This week, though, it’s about cookouts and finding his way around the Steelers headquarters.

“Everything’s new,” Rodgers said. “It’s like the first day of school. I don’t know a lot of guys’ names. They don’t have names on the back of the jerseys here; they don’t have names in the doors of the meeting rooms. So, I literally walk out of the locker room lost. I try to grab somebody, ‘Hey, where am I going?’ But I’m getting the feel of it.”

Rodgers’ first day at minicamp included a message to his new teammates during a team meeting. After his extended period of contemplation before deciding to join the Steelers on a one-year contract, perhaps it was a message that needed to be expressed.

Especially now, as Rodgers transitions to new chapter.

“He just said he’s all-in and ready to go,” relayed second-year center Zach Frazier.

A message that surely won’t hurt in the acclimation process.

Follow Jarrett Bell on social media: @JarrettBell

This post appeared first on USA TODAY

Colorado football coach Deion Sanders addressed his health situation Wednesday on social media, saying that “everything is OKAY” and that he would provide a full update upon his return to campus in Boulder.

Sanders, 57, has been at his estate in Texas for weeks while dealing with an unspecified health issue. Last week, CU’s annual slate of summer football camps got underway without him even though operating the camps is listed as an official duty in his employment contract with CU.

USA TODAY Sports reported Monday that the timing of his return to campus was unclear, based on what his son Deion Jr. said on a YouTube livestream on Sunday.

Deion Sr. thanked his supporters Wednesday on social media site X.

“Wow, I am truly blessed for the abundance of well wishes, for all the thoughts and all of the prayers,” Sanders Sr. wrote. “THANK YOU THANK YOU THANK YOU! I can assure you all that everything is OKAY and will continue to be so. God got me like no other. I have so much more work to do to Glorify God so please believe God got me!”

He didn’t give a date for his return.

“I’m excited to get back to Colorado to be at home with my staff, team & all associated to our program,” Sanders wrote. “When we arrive back to Boulder you will be updated on everything. . Until then, I’M COMING BABY, #CoachPrime.”

Sanders Sr. mentioned the issue on a podcast with former NFL cornerback Asante Samuel in late May.

“I hope you’re feeling better,” Samuel said to Sanders. Samuel then asked him if he ever tried fasting.

Sanders responded by saying “what I’m dealing with right now is at whole nother level” but said he’s coming back after losing about 14 pounds.

Last week, CU hosted separate camps for high school football players and eligible high school graduates. CU also started a youth football camp this week, which Sanders has attended in previous years at CU.

This year the camps have gone on without him and have been run by staff.

Though he hasn’t said what the issue is exactly, he has battled issues with blood clots in his legs for years and had to miss a Pac-12 Conference media event in Las Vegas because of it two years ago. Deion Jr.’s YouTube channel has showed that CU athletic trainer Lauren Askevold has been at his estate in Texas in recent weeks. She has helped him with his legs since the issue got serious in 2021, including the amputation of two of his toes and the removal of the sides of his left calf.

Sanders also canceled a scheduled speaking engagement scheduled for June 8 in Florida. He canceled because of an ‘unavoidable last-minute scheduling change,’ according to The Foundation for Sickle Cell Research. The foundation replaced him with basketball legend Magic Johnson.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

This post appeared first on USA TODAY

Legendary boxer Oscar De La Hoya, who grew up in Los Angeles as the son of Mexican immigrants, addressed the ongoing protests in his hometown sparked by immigration raids being carried out by the U.S. Immigration and Customs Enforcement (ICE).

De La Hoya, who became a dual citizen in 2002, paid tribute to immigrants. At times, the protests have turned violent.

“I am sad about what’s happening in Los Angeles right now,’’ De La Hoya said in a statement provided to USA TODAY Sports on June 11. “Growing up in L.A., I witnessed firsthand how integral immigrants are to the heartbeat of this city — they are our friends, neighbors, classmates, coworkers, and loved ones. Latinos are among the most hardworking people in the world, and their contributions strengthen every corner of our communities.”

Though born in Montebello, California, De La Hoya spent his formative years in East Los Angeles, a predominantly Latino community. At the 1992 Olympics in Barcelona, De La Hoya held an American flag and Mexican flag in the boxing ring after winning a gold medal.

‘As a proud Mexican-American, I carry immense gratitude for the sacrifices my family made in coming to the U.S. from Mexico in pursuit of a better future,’’ De La Hoya, 52, also said in the statement provided to USA TODAY Sports. “Their courage gave me opportunities I’ll never take for granted.’’

De La Hoya, who won eight world championships in six weight divisions before announcing his retirement in 2009, was inducted into the International Boxing Hall of Fame in 2014. He is the founder and CEO of Golden Boy Promotions, one of top promotion companies in boxing.

Jane Murcia, Director for Golden Boy Promotions, said De La Hoya was not available for interviews.

This post appeared first on USA TODAY

The NASCAR Cup Series grid is going international for the first time in decades this weekend.

Cup Series drivers will take to the Autódromo Hermanos Rodríguez in Mexico City in the second road course event of the 2025 season. This is the first international Cup Series race in 25 years and the first points race outside the U.S. since 1958.

This isn’t the first time NASCAR’s visited the course, though. The Xfinity Series raced there from 2005 to 2008 with a different winner each year.

This week’s race will be a crucial event for NASCAR’s first in-season challenge. Three races will be used for seeding in the challenge: the June 8 race at Michigan, Mexico City and the June 22 race at Pocono. The best result from each of those three races will decide how the 32-driver field will be seeded.

This circuit is one of the better venues for racing spectacle. The start/finish line is on the longest straight of any road course NASCAR will visit this year, and the final few corners cut through a baseball stadium called the ‘Foro’ that brings fans close to the action.

Here’s everything you need to know about the Cup Series’ first race in Mexico:

Where is the Autódromo Hermanos Rodríguez?

The Autódromo Hermanos Rodríguez is in Mexico City near the city center.

It’s a tough challenge for all non-electric formulas of racing because of the elevation. At 7,349 feet above sea level, the air is thin enough to make things difficult for both the cars and drivers.

Construction on the circuit was completed in 1959 and was named for Mexican racing drivers Ricardo and Pedro Rodríguez.

NASCAR international history

The Cup Series has raced outside the U.S. before but not in decades. Here’s a full list of the series’ international events:

1952: Canada

The first Cup Series event outside of the U.S. took place on the half-mile Stamford Park dirt track in Niagara Falls. The race in Ontario was one of the toughest on drivers with 14 of the 17 failing to see the checkered flag by the end of the 200-lap race.

1958: Canada

The Cup Series returned to Canada for the Jim Mideon 500 at Exhibition Stadium in Toronto. It was one of the shortest races on the calendar at 0.333 miles. NASCAR icon Lee Petty won the race but it was notably the debut of his son and future seven-time champion, Richard Petty.

1988: Australia

This exhibition race at the Calder Park Raceway in Melbourne saw the best of the Cup Series compete over 280 laps on the 24-degree banking. It was such a success that NASCAR created an Australia racing division from 1989 to 2002.

1996-1998: Japan

For 1996 and 1997, the Cup Series raced the Suzuka Circuit at the end of the year. NASCAR used the East Course of the circuit for both events and saw some Japanese drift racing stars take their chance against the Cup Series’ best.

In 1998, the Cup Series went to an oval – the Twin Ring Motegi – for 201 laps of exhibition racing at the end of the year.

Viva Mexico 2025: How to watch, TV, streaming, stage info

The Cup Series’ first race in Mexico will be 100 laps on the 2.429-mile course. Stage 1 will be 20 laps, Stage 2 will be 25 and Stage 3 will be the final 55.

Here’s how to catch the action:

  • Date: Sunday, June 15, 2025
  • Time: 3 p.m. ET
  • Location: Autódromo Hermanos Rodríguez in Mexico City
  • TV: None
  • Streaming:Prime Video

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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The U.S. stock market has been painting a subtle picture recently. While the broader indexes, such as the S&P 500 ($SPX), Nasdaq Composite ($COMPQ), and Dow Jones Industrial Average ($INDU), are indeed grinding higher, the daily movements have been relatively subdued. This is a noticeable shift from the more dynamic action we observed in April.

Investors may be waiting for Wednesday’s May Consumer Price Index (CPI), the results of the U.S.-China trade talks, or the next market-moving news headline. What’s encouraging is the underlying strength in market breadth. We’re seeing a healthy number of one-month new highs across most broader indexes (with the exception of Dow Utilities), Bullish Percent Indexes signaling bullish tendencies, and investors gravitating toward offensive sectors vs. defensive ones.

On the surface, everything points to a continuation of the bullish trend. However, as astute investors, our primary objective is to protect our capital. This means we mus always consider the possibility of a downside correction and be prepared to adapt.

This is where the StockCharts Market Summary page becomes an indispensable tool for your market analysis.

Let’s dive into how the Market Summary page can help you gain a unique perspective on market dynamics.

Beyond the Headlines: Uncovering Global Trends

One of the powerful features of the Market Summary page is its ability to provide a global snapshot. If you navigate to the Global Snapshot tab in the Equities panel and sort the “+/- SMA(200)” column in descending order, you’ll notice something fascinating: the Eurozone occupies the top spot while the Total US sits at the bottom (see image below).

FIGURE 1. A GLOBAL SNAPSHOT. The Eurozone is trading well above its 200-day simple moving average (SMA) while the Total US is only 4.37% above its 200-day SMA.Image source: StockCharts.com. For educational purposes.

This insightful view suggests that global markets have been trending well above their 200-day simple moving average than the US market. This insight is worth a deeper dive.

Consider the daily charts of the iShares MSCI Eurozone ETF (EZU) and Vanguard Total Stock Market ETF (VTI) which serve as proxies for these regions.

Since April 8, EZU has been on a steep ascent, demonstrating upward momentum. This price action is similar to the S&P 500, but if you consider the relative performance of the SPDR S&P 500 (SPY) vs. EZU, SPY is underperforming EZU (see bottom panel in the chart below).

FIGURE 2. DAILY CHART OF EZU. The ETF is exhibiting a steep ascent and is outperforming SPY. Will the trend become less steep or continue its steep uptrend? Be sure to monitor the RSI.Chart source: StockCharts.com. For educational purposes.

The Relative Strength Index (RSI) is showing lackluster momentum. Generally, a steep trend loses its mojo after a while and reverts to a more normal trend.

Meanwhile, though VTI has also moved higher, its percentage rise was slightly less than EZU. Also, as EZU hit an all-time high, VTI is still trying to reach that milestone (see chart below).

FIGURE 3. DAILY CHART OF VTI. The ETF is also exhibiting a steep ascent but is trying hard to reach its all-time high.Chart source: StockCharts.com. For educational purposes.

The RSI is showing lackluster momentum, similar to that of EZU, which could mean the steep ascent may be losing its steam.

Identifying Global Opportunities

It will be interesting to see how the global financial market evolves from here. Who will be the first to revert to a more normal sloping trend? Will EZU continue its outperformance, or will VTI take the lead?

And let’s not forget the global ETFs positioned in the middle of the pack. Regions like Asia (ex Japan), Latin America, or Emerging Markets could take the lead. For example, the Vanguard FTSE Emerging Markets ETF (VWO) has exhibited a more classic uptrend. Over the past year, it has outperformed SPY by around 127% (see chart below). The RSI is also showing greater momentum than the other charts we analyzed.

FIGURE 4. DAILY CHART OF VWO. This ETF is exhibiting a more normal uptrend and, over the last year, has outperformed SPY by a whopping 127%. RSI is also rising, suggesting there could be momentum here.Chart source: StockCharts.com. For educational purposes.

Empowering Your Stock Market Analysis

To stay ahead of market trends and uncover hidden gems, investors and traders should regularly monitor the charts in the Market Summary ChartLists. If you haven’t already, download the StockCharts Market Summary ChartPack (it’s free for subscribers).

Scrolling through the pre-built ChartLists will help you to:

  • Stay on top of the market’s price action across sectors, industries, and global regions.
  • Identify market internals, such as breadth and sentiment.
  • Uncover some hidden gems that could translate into favorable investment opportunities.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Unlock the power of divergence analysis! Join Dave as he breaks down what a bearish momentum divergence is and why it matters. Throughout this video, Dave illustrates how to confirm (or invalidate) the signal on the S&P500, Nasdaq100, equal‑weighted indexes, semiconductors, and even defensive names like AT&T (T).

This video originally premiered on June 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

Micron Technology, Inc. (MU) appears poised for an explosive breakout, both technically and fundamentally. While it remains to be seen whether this materializes by its Q3 earnings report on June 25, the setup suggests a high-probability move is about to happen, and soon.

The fundamental case for a breakout is backed by MU’s deep involvement in the AI memory boom. Its high-bandwidth memory (HBM) is powering Nvidia’s next-gen Blackwell chips, demand is outstripping supply, and prices are rising. With sold-out capacity for 2025 and earnings projected to surge 437% this year, MU’s Q3 report could be the next major catalyst.

In light of these forecasts, let’s put things into context and see where MU has stood over the past year in its comparative performance with VanEck Vectors Semiconductor ETF (SMH), our semiconductor industry proxy, Technology Select Sector SPDR Fund (XLK), for a sector comparison, and Invesco QQQ Trust (QQQ), a stand-in for the Nasdaq 100 Index ($NDX).

MU vs. SMH, XLK, and QQQ: Tracking Relative Performance

Despite its recent rally, MU remains a relative laggard. Whether it breaks out will depend on how effectively it positions itself amid shifting industry dynamics.

FIGURE 1. PERFCHARTS OF MU RELATIVE TO ITS INDUSTRY, SECTOR, AND THE NASDAQ 100.  MU has been the big laggard over the past year. You need to take a closer and more detailed look to gain more insight into MU’s current upward momentum.

While analysts are optimistic about its role in the evolving AI-driven landscape, that thesis will be put to the test when the company reports earnings in the coming weeks.

A Shift in Momentum? What the MarketCarpets Are Revealing

While MU lags its industry peers, it might help you to get a more granular view of performance within the semiconductor industry. This is where the StockCharts MarketCarpets Semiconductors summary can be helpful.

FIGURE 2. MARKETCARPETS – SEMICONDUCTORS. In contrast to its peers, a 5-day view shows that MU is the strongest performer.

Though MU has trailed its industry peers over the past year, the 5-day MarketCarpets view reveals a shift in momentum. With a 13.32% gain over the past week, MU is rapidly narrowing the gap and beginning to outpace its peers.

Weekly Chart Levels: Resistance, Support, and Entry Zones

Typically, you’d drill down to a daily chart for more precision, but, with MU, the weekly chart alone highlights the key levels worth watching.

FIGURE 3. WEEKLY CHART OF MU. The weekly chart shows all key levels, from entry to profit targets and stop loss levels.

The weekly chart view clearly outlines support, resistance, and potential entry and exit points. Listed below are the key levels and scenarios to watch.

MU Price Scenarios: Breakout or Breakdown?

  • Watch the rectangle formation: MU is approaching a breakout above key resistance at $115, just ahead of its June 25 earnings report. A decisive move above the rectangle could trigger long entries from bullish traders.
  • Upside scenario: A beat on earnings and strong forward guidance could fuel continued upside—unless derailed by broader geopolitical risks.
  • Downside scenario: If the breakout fails, look for support near the bottom of the formation. The Volume-by-Price indicator shows a heavy concentration of trading at that level, reinforcing its significance as a support zone. However, a breakdown there may cast doubt on the current uptrend thesis.
  • Profit-taking zone: If MU continues its bullish trajectory, expect resistance and likely profit-taking between $127 and $137, an area marked by multiple highs and consolidation levels throughout 2024.

Why $127 to $137, when the weekly chart shows $130 to $135? Here’s where zooming in helps.

FIGURE 4. ZOOMING N TO A DAILY CHART OF MU. This shows, in much greater detail, the potential resistance levels above.

The top and bottom of this consolidation provide a clearer view of potential resistance, which may also serve as profit-taking levels for short-term traders, so keep an eye on this.

  • Last thing – watch the peak: A second round of resistance and potential profit-taking may occur near $155, a key level that previously marked the stock’s all-time high.

Momentum-wise—and note we’re looking at a longer-term time frame—the Relative Strength Index (RSI) suggests there’s still plenty of room to run before MU enters overbought territory. Volume-wise, however, you will want to see the Chaikin Money Flow (CMF) levels increase once the breakout occurs, confirming that buying pressure is supporting the move.

Quick Take: The Setup at a Glance

In a nutshell: Watch for a breakout above $115 ahead of MU’s June 25 earnings by setting an alert using the Technical Alert Workbench. Note that entering a position ahead of earnings is always a risky prospect. If you are planning to take any action at all, make sure it’s in alignment with your own personal trading strategy and criteria.

A beat on earnings and strong guidance could fuel further upside, but watch out! If Wall Street decides to “sell the news,” due to any detail that dampens investor or analyst sentiment, a sharp decline could follow. If MU moves strongly to the upside, look for confirmation via rising CMF levels, which would signal real buying pressure.

If the breakout fails, key support lies near the bottom of the current trading range. On the upside, expect potential resistance and profit-taking between $127–$137, with a secondary ceiling near $155. The RSI still shows room for further gains before MU becomes overbought.

Final Thoughts: Will MU Deliver on the AI Hype?

MU may be lagging now, but, as the MarketCarpets data shows, momentum is quietly shifting, and the shift may accelerate as MU approaches both a potential breakout level and its earnings date. With a critical breakout level in sight and earnings just days away, consider preparing for a potential surge in volatility, which could move the stock in either direction. If MU does break to the upside, whether it can maintain its momentum post-breakout will depend on volume, CMF strength, and how convincingly MU rides the AI memory wave.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

DY6 Metals Ltd (ASX: DY6, “DY6” or “Company”) is pleased to announce the initial results from the reconnaissance exploration program at the Central Rutile Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground-truthing. The reconnaissance programme, which consisted of auger sampling, road-cutting channel sampling, soil sampling and stream sediment sampling, was successful in identifying heavy mineral (HM) and natural rutile mineralisation across all five tenements that make up the Central Rutile project. Rutile nuggets, ranging in size from 1mm+ to 2cm+, were observed in alluvial and eluvial (residual) sources. Samples collected from the initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in August 2025.

HIGHLIGHTS

  • Reconnaissance auger and grab sampling programme nearing completion at the Central Rutile Project, with a detailed soil sampling programme to commence shortly
  • Soil sampling programme will be used to rapidly identify areas of higher grade HM and rutile mineralisation, which will be followed up on with a large auger drilling campaign in the September quarter
  • Reconnaissance sampling undertaken across the 5 Central Rutile Project tenements has identified visible natural rutile from both alluvial and eluvial (residual) sources
  • The identification of rutile across the entire tenement package is highly encouraging and reaffirms the Company’s belief that the region is an emerging, globally significant rutile province
  • Samples collected from the reconnaissance program are due to be submitted for laboratory analysis in the coming weeks, with results expected in the September quarter
  • The Company’s reconnaissance program at the Douala Basin HMS Project is ongoing, with initial results expected in the coming weeks

Non-executive Chairman, Dan Smith, commented:

“The in-country team has done a great job of mobilising to site so quickly. We are pleased with the initial results from the reconnaissance program at the Central Rutile project and the confirmation of widespread, natural rutile across the licences from both residual and alluvial sources. I look forward to the receipt of the assays in the coming months, as well as results from the ongoing exploration at the Douala Basin project.”

Technical Consultant, Cliff Fitzhenry, commented:

“The Central Rutile project covers a large (2,140km2) area, so this initial reconnaissance programme has only just scratched the surface of the potential for this area. We always knew the licences were in the right address, having the correct underlying geology, deep in-situ weathering profile, and known, historic rutile occurrences. The solid work of the in-country team, in conjunction with our Senior Exploration Geologist, Troth Saindi, is already paying dividends. Having achieved our initial goals, exploration at the Central Rutile project will shift from reconnaissance in nature to that of a detailed soil sampling programme. This will allow us to achieve greater coverage over the tenement package and will help to rapidly define zones of higher grade heavy mineral occurrences, which will be followed up with a large-scale auger sampling programme.

I am excited to get on the ground as soon as possible to help drive the exploration work as the project story unfolds.”

Reconnaissance exploration at the Central Rutile Project

As announced on 5 June 2025, the Company has commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. To date, at the Central Rutile Project the Company has completed 3 auger drill holes (refer Figure 1), collecting 10 samples in the process, as well as collected 42 channel samples from 7 road cutting exposures, 1 surface grab sample and 2 stream sediment samples for analysis (refer Tables 1-4).

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