$SNDK 1600 has been broken—can it break through 1550 down to 1500 today?
Yi Jie thinks it can.

A few days ago, the U.S. stock market’s “Big Three”—($MU , $SKHYNIX )—were pushed up incredibly hard. The higher-level main players that caused the run-up also left just as viciously as the subsequent drop. Above 1830 on the index, there is clearly heavy overhead supply (high sell pressure). If it can’t break through and falls back, it’s basically a done deal. Since the 1600 level has already been broken with no obvious rebound, the downtrend will only gradually strengthen. On top of that, many large holders are trapped at the top, so it’s difficult to pull it back up in the short term. In this situation, if you still chase higher prices, that’s essentially “adding fuel to the fire.”

Trading plan: You can build a short position around 1580. The initial target is to move toward 1550. If there is no obvious rebound after a break, then look directly toward 1500.

【The above is only my personal opinion】
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