Storage sector surges—smart money places orders at 1300 to sweep up! The $SNDK at 1340 and the $MU at 907—who are you with?
Last night, the storage sector collectively skyrocketed: Sandisk rose 5.76%, Micron climbed 4.92%. South Korea’s KOSPI entered a technical bull market, with both Samsung and Hynix soaring.
SNDK: Bulls are adding, bears are holding the bag
371 long positions are sitting on unrealized gains, and 510 short positions are also in the green. But the more important point isn’t that—smart money that previously had an 87.5% win rate trading MU and SNDK, and had accumulated profits of $5.63 million. After taking profit and exiting at 1390, it has already placed orders at 1300 to pick up again, planning to add another $7.5 million. When top traders rebuild at 1300, it signals that this level is being treated as the starting point for a new round of the move.
Bank of America is bullish; Citi and Wells Fargo are cautious—there’s a huge divergence between bulls and bears. Resistance is overhead at 1360–1380, while support sits below at 1300–1320.
MU: Bulls are smiling, bears haven’t admitted defeat
249 long positions are up by $680k, while 319 short positions are up by $780k. The bears have a higher win rate, suggesting the overall timing is more accurate—but price at 904 is already below the bears’ cost of 923. UBS sets a $1625 target price. Morgan Stanley says supply constraints are expected to continue beyond 2027. Resistance is at 920–925 overhead; support is at 880–890 below.
Old Zhang’s take: In the first 10.5 days of August, South Korea’s semiconductor exports surged 155%. A Micron executive said that 2027 will be tighter than 2026. The fundamentals are undeniably tough. But the bull-bear divergence is extreme—better to wait and watch for signals.
Old Zhang’s trading advice:
Go long: Enter with an aggressive small position at the current price. Then take a more steady approach with SNDK around 1300–1320, and MU around 880–890;
Go short: Wait for SNDK to reach 1360–1380 and MU to run into 920–925, then enter upon rejection. Don’t fight the bigger trend at the current level.
If you’re trading US stock / Korean stock tokens and want to know the latest info on the edge and the entry levels, come to the chat room to find Old Zhang!
#美国7月CPI与PPI数据本周出炉 #三星SK海力士领涨首尔股市
$SKHYNIX
Last night, the storage sector collectively skyrocketed: Sandisk rose 5.76%, Micron climbed 4.92%. South Korea’s KOSPI entered a technical bull market, with both Samsung and Hynix soaring.
SNDK: Bulls are adding, bears are holding the bag
371 long positions are sitting on unrealized gains, and 510 short positions are also in the green. But the more important point isn’t that—smart money that previously had an 87.5% win rate trading MU and SNDK, and had accumulated profits of $5.63 million. After taking profit and exiting at 1390, it has already placed orders at 1300 to pick up again, planning to add another $7.5 million. When top traders rebuild at 1300, it signals that this level is being treated as the starting point for a new round of the move.
Bank of America is bullish; Citi and Wells Fargo are cautious—there’s a huge divergence between bulls and bears. Resistance is overhead at 1360–1380, while support sits below at 1300–1320.
MU: Bulls are smiling, bears haven’t admitted defeat
249 long positions are up by $680k, while 319 short positions are up by $780k. The bears have a higher win rate, suggesting the overall timing is more accurate—but price at 904 is already below the bears’ cost of 923. UBS sets a $1625 target price. Morgan Stanley says supply constraints are expected to continue beyond 2027. Resistance is at 920–925 overhead; support is at 880–890 below.
Old Zhang’s take: In the first 10.5 days of August, South Korea’s semiconductor exports surged 155%. A Micron executive said that 2027 will be tighter than 2026. The fundamentals are undeniably tough. But the bull-bear divergence is extreme—better to wait and watch for signals.
Old Zhang’s trading advice:
Go long: Enter with an aggressive small position at the current price. Then take a more steady approach with SNDK around 1300–1320, and MU around 880–890;
Go short: Wait for SNDK to reach 1360–1380 and MU to run into 920–925, then enter upon rejection. Don’t fight the bigger trend at the current level.
If you’re trading US stock / Korean stock tokens and want to know the latest info on the edge and the entry levels, come to the chat room to find Old Zhang!
#美国7月CPI与PPI数据本周出炉 #三星SK海力士领涨首尔股市
$SKHYNIX