8.14 $SNDK Market Analysis: SanDisk, what’s owed to me here—when will you pay it back?!
That hurts, fellow B-friends. Last night the short position was stopped out. This morning the team leader has also been looking for entry points, constantly analyzing this SanDisk.
On the smaller timeframe, during the day, pay attention to whether it might dip with a quick spike toward the 1604 area and then pull back. This kind of daytime pattern has happened several times before: on 7.31, 8.5, and 8.7—three times in total. So keep an eye on whether it will spike down to around 1604 and then pull back. For example, if in the afternoon it spikes down to around 1610 and then pulls back (notice the 1604 vicinity—this is just an example), then the stop-loss for chasing a short should be based on a 15-minute closing price that exceeds 1610.
This route is based on the team leader’s research into SanDisk’s personality; it’s not necessarily accurate.
There are two daily resistance levels at 1675 and 1788. Going forward, you can also keep an eye on these two levels for pullbacks.
On the downside, the support at 1385 should be a potential long setup. For stop-loss, if the hourly close falls below 1330, get out. If it reaches 1430–1440, that would be quite good. If you’re lucky, you might even see it push higher—that would be a story for above 1500.
As for SanDisk’s positioning, it’s best to control the position size. If it goes further down, then long opportunities may be relatively more reliable. Everyone can try with a small position. Can’t it hurt us again, right?
That hurts, fellow B-friends. Last night the short position was stopped out. This morning the team leader has also been looking for entry points, constantly analyzing this SanDisk.
On the smaller timeframe, during the day, pay attention to whether it might dip with a quick spike toward the 1604 area and then pull back. This kind of daytime pattern has happened several times before: on 7.31, 8.5, and 8.7—three times in total. So keep an eye on whether it will spike down to around 1604 and then pull back. For example, if in the afternoon it spikes down to around 1610 and then pulls back (notice the 1604 vicinity—this is just an example), then the stop-loss for chasing a short should be based on a 15-minute closing price that exceeds 1610.
This route is based on the team leader’s research into SanDisk’s personality; it’s not necessarily accurate.
There are two daily resistance levels at 1675 and 1788. Going forward, you can also keep an eye on these two levels for pullbacks.
On the downside, the support at 1385 should be a potential long setup. For stop-loss, if the hourly close falls below 1330, get out. If it reaches 1430–1440, that would be quite good. If you’re lucky, you might even see it push higher—that would be a story for above 1500.
As for SanDisk’s positioning, it’s best to control the position size. If it goes further down, then long opportunities may be relatively more reliable. Everyone can try with a small position. Can’t it hurt us again, right?