There must be huge profits after a brutal sell-off! $SNDK ultimate support at 1530—once the downtrend bottoms, flipping long positions could yield at least 30% profit?
News: STMicroelectronics has plunged 17%. There’s no real negative catalyst; fund outflows have sparked concerns about demand for industrial/automotive chips. Google’s AI worries haven’t gone away either, sentiment remains under pressure, and SanDisk is likely to follow suit.
Technicals: SanDisk broke below 1601, now at 1591. MACD has a bearish crossover with the green histogram expanding; RSI is 37.6. Support levels are 1555 and 1530.
Trading suggestion: Don’t rush to bottom-pick. Lightly short near 1600, targeting 1555; if that level breaks, look for 1530. If 1530 shows a bottoming signal (a long lower wick or a bullish engulfing pattern), then flip to long. In a range-bound market, timing/tempo is key.
Personal view: I think this move is mostly sentiment-driven forced selling. SanDisk’s storage business fundamentals are steadier than STMicroelectronics. After the market overreacts and oversells, there will likely be a rebound—but don’t jump in to catch the falling knife before the panic-selling has cleared.
#超微电脑上涨近20% #比特币市值占比升至59%
News: STMicroelectronics has plunged 17%. There’s no real negative catalyst; fund outflows have sparked concerns about demand for industrial/automotive chips. Google’s AI worries haven’t gone away either, sentiment remains under pressure, and SanDisk is likely to follow suit.
Technicals: SanDisk broke below 1601, now at 1591. MACD has a bearish crossover with the green histogram expanding; RSI is 37.6. Support levels are 1555 and 1530.
Trading suggestion: Don’t rush to bottom-pick. Lightly short near 1600, targeting 1555; if that level breaks, look for 1530. If 1530 shows a bottoming signal (a long lower wick or a bullish engulfing pattern), then flip to long. In a range-bound market, timing/tempo is key.
Personal view: I think this move is mostly sentiment-driven forced selling. SanDisk’s storage business fundamentals are steadier than STMicroelectronics. After the market overreacts and oversells, there will likely be a rebound—but don’t jump in to catch the falling knife before the panic-selling has cleared.
#超微电脑上涨近20% #比特币市值占比升至59%
