$SNDK $MU $SKHY The third time 1400 was confirmed to be a fakeout

How many people were holding out for 1400? It almost broke below the previous low of 1215 today. In the short term, don’t buy the dip or add positions over the next few days; today is Friday, so selling pressure may expand again, after all, the market will be closed for the next two days.

The overall thinking is still bearish, because we are currently still in a corrective phase of the decline; the market is not showing volume expansion, but rather a low-volume rise, so the possibility of breaking below the 1215 low is very high.

Next, regarding SanDisk’s earnings report on the 29th: first, as long as it meets expectations, that already satisfies the basic condition. The real key point that determines the market trend is next quarter’s performance outlook!

In the short term, it’s not recommended to try to pick the bottom, because selling pressure sentiment is still there. If a volume-backed rise appears after the earnings report, then the true bottom can be confirmed!

How to get out if you’re trapped by the Plaza’s lagging effect👇
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