$SNDK This pullback doesn’t look like a simple shakeout.
From around 1820, it was quickly smashed back to the 1680 area. It’s not just that the percentage drop is larger—both the downward speed and the sell pressure from the high point are more obvious than in the previous pullbacks.
A typical shakeout usually involves a declining move on reduced volume. Once it touches support, there’s quickly renewed support/absorption. But this time, it largely gives back the earlier accelerated rally gains.
The inability to hold above 1800 suggests that the prior breakout above the recent high has temporarily failed. The shares that chased at the high are now trapped, and the subsequent rebound will also face profit-taking pressure.
Right now, 1700 is the most critical level. If it can shrink volume to stop the decline and then reclaim the 1730—1750 zone, the short-term structure can be considered as starting to repair.
If the rebound reaches around 1750 but the volume still remains insufficient, then most likely it’s only a breather after the selloff—it can’t be taken as the start of a new upswing.
Once 1700 breaks down on increased volume, and the subsequent rebound is again capped from below, it indicates that the funds aren’t just clearing floating gains—they are actively reducing high-level positioning.
Below, 1650 is the second line of defense. Further down lies the trend support area around 1550—1520. The real opportunity will come only after the capital shows its stance first.
The long-term outlook for the storage direction is still there. But company fundamentals and short-term entry timing are two different things. What matters now is controlling the pace $DRAM
From around 1820, it was quickly smashed back to the 1680 area. It’s not just that the percentage drop is larger—both the downward speed and the sell pressure from the high point are more obvious than in the previous pullbacks.
A typical shakeout usually involves a declining move on reduced volume. Once it touches support, there’s quickly renewed support/absorption. But this time, it largely gives back the earlier accelerated rally gains.
The inability to hold above 1800 suggests that the prior breakout above the recent high has temporarily failed. The shares that chased at the high are now trapped, and the subsequent rebound will also face profit-taking pressure.
Right now, 1700 is the most critical level. If it can shrink volume to stop the decline and then reclaim the 1730—1750 zone, the short-term structure can be considered as starting to repair.
If the rebound reaches around 1750 but the volume still remains insufficient, then most likely it’s only a breather after the selloff—it can’t be taken as the start of a new upswing.
Once 1700 breaks down on increased volume, and the subsequent rebound is again capped from below, it indicates that the funds aren’t just clearing floating gains—they are actively reducing high-level positioning.
Below, 1650 is the second line of defense. Further down lies the trend support area around 1550—1520. The real opportunity will come only after the capital shows its stance first.
The long-term outlook for the storage direction is still there. But company fundamentals and short-term entry timing are two different things. What matters now is controlling the pace $DRAM