Let’s talk about SNDK. Yesterday I said I wasn’t really interested in doing this, but many people are curious where you can “buy” it.
This wave surged from 1000 all the way to 1600. Along the way, it’s basically true “straight-up” action with no obvious resistance, so during the earlier big spike phase I had absolutely no intention to “buy.”
Right now, the strongest resistance above is around 1800. Also, there’s some smaller-level pressure around 1680.
For aggressive folks: you can try a small “buy” position near 1680. If it breaks slightly upward, then set a stop loss immediately. You’re gambling for a pullback/continuation for more than 10 “points” of upside, and the risk-reward is acceptable.
One key reminder: a big rally in US stocks doesn’t necessarily mean it will pull back. Some tickers move extremely—trading behaves unpredictably. Support and resistance levels are of very limited reference value for such instruments, so don’t act recklessly on them.
$SNDK #闪迪涨7%因营收增长展望 #英伟达披露持股SpaceX210亿美元及英特尔300亿美元
This wave surged from 1000 all the way to 1600. Along the way, it’s basically true “straight-up” action with no obvious resistance, so during the earlier big spike phase I had absolutely no intention to “buy.”
Right now, the strongest resistance above is around 1800. Also, there’s some smaller-level pressure around 1680.
For aggressive folks: you can try a small “buy” position near 1680. If it breaks slightly upward, then set a stop loss immediately. You’re gambling for a pullback/continuation for more than 10 “points” of upside, and the risk-reward is acceptable.
One key reminder: a big rally in US stocks doesn’t necessarily mean it will pull back. Some tickers move extremely—trading behaves unpredictably. Support and resistance levels are of very limited reference value for such instruments, so don’t act recklessly on them.
$SNDK #闪迪涨7%因营收增长展望 #英伟达披露持股SpaceX210亿美元及英特尔300亿美元