Here it comes, $SNDK already pushed to 1400 again! Tonight—will it break through, or will it pull back?
Before the open, SNDK had already pumped up bullish sentiment. From around 1200 it surged higher all the way, which shows strong support/consolidation at the low levels
Now the price is already nearing 1400. The higher it goes, the heavier the overhead selling pressure becomes from both profit-takers and trapped longs
Most importantly, tonight there’s also an Investor Day catalyst—so the opening volatility is definitely going to be big
If the news is strong enough, you can just blast through 1400; but if the market feels there’s nothing new, then you need to watch out for a selloff after the “good news” is priced in
Tonight, first look at 1400—if it increases volume and holds steady, then it’s bullish; if it can’t break through, then you should guard against a round of profit-taking
Next, hold 1320 below—if that stays, the long structure is still intact. Remember: don’t rush to chase the first candle at the open
$MU $SKHYNIX #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 #Shein据报最早8月20日启动港股IPO认购
Before the open, SNDK had already pumped up bullish sentiment. From around 1200 it surged higher all the way, which shows strong support/consolidation at the low levels
Now the price is already nearing 1400. The higher it goes, the heavier the overhead selling pressure becomes from both profit-takers and trapped longs
Most importantly, tonight there’s also an Investor Day catalyst—so the opening volatility is definitely going to be big
If the news is strong enough, you can just blast through 1400; but if the market feels there’s nothing new, then you need to watch out for a selloff after the “good news” is priced in
Tonight, first look at 1400—if it increases volume and holds steady, then it’s bullish; if it can’t break through, then you should guard against a round of profit-taking
Next, hold 1320 below—if that stays, the long structure is still intact. Remember: don’t rush to chase the first candle at the open
$MU $SKHYNIX #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 #Shein据报最早8月20日启动港股IPO认购