$STX

STX is currently stuck in a wide trading range near 750, indicating indecision; caution advised.

“Brian Shannon on TraderTV 10/6/26”
Brian ShannonPublished Oct 6 · 2 passages

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Okay, I usually want to give you the chance to talk about something you might like, but there is someone else in the room, a warrior in the chat. I just want to mention you because you brought it up a few times, and that is Seagate .

So, STX. And I have, because I was already on the weekly chart and I could go to a daily chart, but I think you get the picture. The following often happens, and I might just briefly look at the daily chart after all.

It is a similar theme. You sometimes get those long bull flags, those pullbacks, and it is as if there is indecisiveness in a stock. It is still a sort of upward trend. Is this support to buy?

What do you think of something that was so good and moved sideways for so long , right? Is that a sign of good consolidated strength? Because I usually like long consolidations and upward trends, as it is like it is tightening up . But give us your thoughts on STX.

I agree. I mean, we still have a bid on this thing around that 750 level. The problem is that we're not going anywhere. We are, you know, we are stuck in this larger bandwidth.

It is, you know, very similar to Micron. Micron, same story. We are a bit stuck here, and so is Sandisk; these stocks have made huge moves this year . And stocks correct in one of the two ways.

They adjust in terms of price or they adjust in terms of time. And in this case, we had our price adjustment. Now we just see, you know, that we are accepting these higher valuations around that level of 750 .

And somewhat similar to what we were just talking about, and I ’ve momentarily forgotten which stock we discussed. I would like to see a quick underbid and then, you know, bounce back up.

So, uh, I think you need to be a little careful with Seagate right now.

What this channel has said about $STX

Brian Shannon has only this one call on this stock.

2026-10-06This one
Okay, I usually want to give you the chance to talk about something you might like, but there is someone else in the room, a warrior in the chat. I just want to mention you because you brought it up a few times, and that is Seagate . So, STX. And I have, because I was already on the weekly chart and I could go to a daily chart, but I think you get the picture. The following often happens, and I might just briefly look at the daily chart after all. It is a similar theme. You sometimes get those long bull flags, those pullbacks, and it is as if there is indecisiveness in a stock. It is still a sort of upward trend. Is this support to buy? What do you think of something that was so good and moved sideways for so long , right? Is that a sign of good consolidated strength? Because I usually like long consolidations and upward trends, as it is like it is tightening up . But give us your thoughts on STX.
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