$MU and $SNDK — still playable or dead money?
$MU sitting at the 930 death line. Don't mess around short-term. If it holds 956-960 + 50MA, it's a clean breakout retest setup for continuation. Break below 930 and fail to reclaim? Straight to 891, then gap fill at 870. Simple levels, no noise.
$SNDK is worse off — already back under the 1695 breakout zone. Below 50MA, don't touch it. Break 1600 and it's hunting 1510-1540 support. Reclaim 50MA, then watch 1695 again. Break that and gap fill takes it to 1850. Middle ground is a chop zone — you'll get wrecked.
DO NOT hold these overnight for swings. These rip 100+ points intraday. Scalp the momentum and exit. Lock profits and run. Holding for more = riding a rollercoaster back to zero.
Real alpha: Korea is the puppet master. $KOSPI and $DRAM move in sync. SK Hynix and Samsung are the real indicators. If Korea holds above 100MA, memory sector has legs. Fails? Everything dumps together. Watch Korea, not the US tickers.
$MU sitting at the 930 death line. Don't mess around short-term. If it holds 956-960 + 50MA, it's a clean breakout retest setup for continuation. Break below 930 and fail to reclaim? Straight to 891, then gap fill at 870. Simple levels, no noise.
$SNDK is worse off — already back under the 1695 breakout zone. Below 50MA, don't touch it. Break 1600 and it's hunting 1510-1540 support. Reclaim 50MA, then watch 1695 again. Break that and gap fill takes it to 1850. Middle ground is a chop zone — you'll get wrecked.
DO NOT hold these overnight for swings. These rip 100+ points intraday. Scalp the momentum and exit. Lock profits and run. Holding for more = riding a rollercoaster back to zero.
Real alpha: Korea is the puppet master. $KOSPI and $DRAM move in sync. SK Hynix and Samsung are the real indicators. If Korea holds above 100MA, memory sector has legs. Fails? Everything dumps together. Watch Korea, not the US tickers.