Tonight the US stock market is opening—will the storage track’s K-line be smashed through the floor?
Just finished talking about Micron, and now let’s talk about how $SNDK should be laid out, along with trading ideas and suggestions👇👇
SanDisk’s layout is bearish. The reasons to short are: the uptrend has already played out, and the good news has been priced in. Next comes downside pressure. On the chart, any profits from longs as well as short positions will create extremely strong selling pressure. From the intraday perspective, the hourly-line level shows a clear pattern of highs gradually moving downward, so the market should continue falling. You can watch the support around 1540 at the bottom. If it breaks, you can confidently initiate a short.
That’s my take and trading suggestions on SanDisk—just for reference. If you’ve been trapped on a position in SanDisk, whether long or short, feel free to come discuss it in my chat group!
#FOMC会议纪要 #美联储纪要显示不支持降息 #Alphabet拟购最多122亿美元Marvell股份 $SPCX $SKHY
Just finished talking about Micron, and now let’s talk about how $SNDK should be laid out, along with trading ideas and suggestions👇👇
SanDisk’s layout is bearish. The reasons to short are: the uptrend has already played out, and the good news has been priced in. Next comes downside pressure. On the chart, any profits from longs as well as short positions will create extremely strong selling pressure. From the intraday perspective, the hourly-line level shows a clear pattern of highs gradually moving downward, so the market should continue falling. You can watch the support around 1540 at the bottom. If it breaks, you can confidently initiate a short.
That’s my take and trading suggestions on SanDisk—just for reference. If you’ve been trapped on a position in SanDisk, whether long or short, feel free to come discuss it in my chat group!
#FOMC会议纪要 #美联储纪要显示不支持降息 #Alphabet拟购最多122亿美元Marvell股份 $SPCX $SKHY