$SNDK Continue watching 1700—this pullback is actually healthier!
Yesterday, Nan Nan already said that Sandisk remains bullish, with a target of 1700. But when the U.S. stock market opened yesterday, Sandisk dropped directly by 5 points. A lot of friends might have started to doubt the trend then. However, around 1600, the support was very strong.
The price then regained the levels around 1630 and 1650, and rallied all the way to around 1680. Today, although there has been a retreat from the highs, it still hovers around 1645. This suggests that yesterday’s selloff trend was profit-taking fulfillment plus an opening shakeout—not a trend reversal.
With such a big selloff at the open, the bulls’ structure wasn’t broken. Instead, the funds pulled it back up again. That’s why I’m even more bullish on this move. So my thinking remains the same: 1600 is the key support for the short term. If 1600 holds, I’ll continue to look for 1700.
#标普500周五回落连续第三周上涨 #华尔街银行承诺数万亿美元投资基建与AI #闪迪
Yesterday, Nan Nan already said that Sandisk remains bullish, with a target of 1700. But when the U.S. stock market opened yesterday, Sandisk dropped directly by 5 points. A lot of friends might have started to doubt the trend then. However, around 1600, the support was very strong.
The price then regained the levels around 1630 and 1650, and rallied all the way to around 1680. Today, although there has been a retreat from the highs, it still hovers around 1645. This suggests that yesterday’s selloff trend was profit-taking fulfillment plus an opening shakeout—not a trend reversal.
With such a big selloff at the open, the bulls’ structure wasn’t broken. Instead, the funds pulled it back up again. That’s why I’m even more bullish on this move. So my thinking remains the same: 1600 is the key support for the short term. If 1600 holds, I’ll continue to look for 1700.
#标普500周五回落连续第三周上涨 #华尔街银行承诺数万亿美元投资基建与AI #闪迪