MU testing declining 50-day MA; possible to hold anchor from low.
He framed it in weeks
“Stock Market & Crypto Analysis for Week Ending 8/28/26”
Brian ShannonPublished Aug 28 · 1 passage
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The shares of Micron still hammering away at that 50-day moving average. That 50 will continue to decline next week. So, I don't count Micron out and it has the possibility that it can continue to hold the anchor from the Leo low.
What this channel has said about $MU
Brian Shannon has 3 calls on this stock; only the adjacent ones are shown.
2026-09-08Bullish
My Micron move right now, or maybe we're just talking specifically about Micron, or if you see something else in the memory sector or DRAM that you think is slightly better. But we have just broken away from the 50 on the daily chart. We have broken through that level of 1000. It is strange, because we opened with an upside and today we are actually seeing a pullback. But is this a false move? Is this a real breakout back to the highs? What are your thoughts on this?
Quote at 04:09 ›2026-08-28This one
The shares of Micron still hammering away at that 50-day moving average. That 50 will continue to decline next week. So, I don't count Micron out and it has the possibility that it can continue to hold the anchor from the Leo low.