This isn’t a question of chasing highs—it’s whether you can read strength.
$SNDK moved from around 1590 to 1774, with almost no real, meaningful deep pullbacks along the way. Many people think it has risen too much, but they ignore the fact that every time it dips, someone actively steps in to take it.
#CME九月加息概率降至30.6%
A truly weak stock, after rising to a peak, will quickly fall back to the breakout point. Now that Sandisk is moving sideways at high levels without retreating, it indicates that, for the moment, there isn’t large-scale distribution of funds.
Current 1700 has turned from resistance into support. If you hold this level, there is still a chance the market could attempt to test 1774—1800 again.
Right now, chasing highs indeed feels uncomfortable. But shorting right at the top is also dangerous. The most reasonable rhythm is to hold a low-position size, and only consider adding on after a pullback and confirmation.
The market won’t bring the price back just because you missed the move. If you can’t tell strength from weakness, whether you chase or don’t chase, it’ll still be uncomfortable $MU #美国拟迫各国在美中AI阵营选边
$SNDK moved from around 1590 to 1774, with almost no real, meaningful deep pullbacks along the way. Many people think it has risen too much, but they ignore the fact that every time it dips, someone actively steps in to take it.
#CME九月加息概率降至30.6%
A truly weak stock, after rising to a peak, will quickly fall back to the breakout point. Now that Sandisk is moving sideways at high levels without retreating, it indicates that, for the moment, there isn’t large-scale distribution of funds.
Current 1700 has turned from resistance into support. If you hold this level, there is still a chance the market could attempt to test 1774—1800 again.
Right now, chasing highs indeed feels uncomfortable. But shorting right at the top is also dangerous. The most reasonable rhythm is to hold a low-position size, and only consider adding on after a pullback and confirmation.
The market won’t bring the price back just because you missed the move. If you can’t tell strength from weakness, whether you chase or don’t chase, it’ll still be uncomfortable $MU #美国拟迫各国在美中AI阵营选边