Memory is TANKING ‼️ $SNDK is getting dragged down with the Korean market… and this could get ugly.
SK Hynix $SKHYNIX is down 10%, and SanDisk is taking a hit too.
Remember how crazy the memory stocks went last year? Some of them ran dozens of times at their peak. Now I’m starting to wonder if big money is finally taking chips off the table.
One thing that makes me cautious: the 7-day moving average is still sitting way up near the highs while price is pulling back hard.
So is this just a healthy correction after a ridiculous run… or the beginning of a bigger unwind?
I wouldn’t rush to catch this falling knife. But if the selloff starts stabilizing, could this turn into a dip-buying opportunity? 👀⬇️⬇️⬇️
SK Hynix $SKHYNIX is down 10%, and SanDisk is taking a hit too.
Remember how crazy the memory stocks went last year? Some of them ran dozens of times at their peak. Now I’m starting to wonder if big money is finally taking chips off the table.
One thing that makes me cautious: the 7-day moving average is still sitting way up near the highs while price is pulling back hard.
So is this just a healthy correction after a ridiculous run… or the beginning of a bigger unwind?
I wouldn’t rush to catch this falling knife. But if the selloff starts stabilizing, could this turn into a dip-buying opportunity? 👀⬇️⬇️⬇️