“Brian Shannon Trader TV Live 9/8/26”
MU's breakout is likely to persist as the prior 30% correction and time-based consolidation are complete; technical indicators suggest the downtrend has ended.
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?