$SNDKB got absolutely pummeled yesterday, dropping over 22% to close at $806.43 after sector-wide regulatory fears triggered a brutal chip selloff.
However, the 1-minute chart shows a strong pre-market reversal. Shares just surged over 8% back up to ~$871.85, lifting the price back above the short-term moving averages (MA7 and MA25) after bottoming out at $834.00. High-volume green bars indicate that buyers are stepping in aggressively to buy the dip ahead of the upcoming 8-for-1 stock split on November 19.
Expect high volatility as the price approaches local resistance near $872. #SNDK #Stocks #Trading
However, the 1-minute chart shows a strong pre-market reversal. Shares just surged over 8% back up to ~$871.85, lifting the price back above the short-term moving averages (MA7 and MA25) after bottoming out at $834.00. High-volume green bars indicate that buyers are stepping in aggressively to buy the dip ahead of the upcoming 8-for-1 stock split on November 19.
Expect high volatility as the price approaches local resistance near $872. #SNDK #Stocks #Trading
