Eben@CANSLIM ResearchMicron (MU) is trading at 971.66, holding above a rising 30-week moving average with a Stage 2 advancing trend confirmed by 7 of 8 trend-template checks. However, the current base is a deep 39.1% correction over seven weeks, a pattern with an elevated failure rate, and no VCP contraction or breakout has yet triggered. Overall sentiment is constructive but cautious, awaiting a confirmed breakout above the 1213.37 pivot.
Technical Analysis
As of 2026-08-14 · Close $971.66
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 16.73%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 39.1%, length 7 weeks, pivot $1213.37. Base formed from 2026-06-25 (left-side high) to 2026-08-14, with the low of $739.0 set on 2026-07-29
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ Faulty cup warning: the base is 39.1% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
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