SNDK surged higher and then pulled back—has pressure begun to appear above 1800?
SNDK previously rallied from around 1200 all the way to above 1800; this wave of gains has indeed been very strong.
Buoyed by positives such as the earnings report, Investor Day, NAND price hikes, and share buyback plans, the market has basically already priced in much of this in advance.
But that’s how stocks are.
Strong fundamentals don’t mean the price will always rise and never fall.
During this period, a large part of SNDK’s rally comes from speculation on expected price increases, but how the consumer-side demand is recovering still needs further observation.
From the trading chart, after pushing up to 1808, the price didn’t continue to break through—instead, it began to fall.
In the subsequent rebounds, the highs kept getting lower.
For the short term, the bearish structure hasn’t changed yet.
Next, the key is to watch how it reacts around 1600.
If it can’t hold steady even after bouncing back, there is room for further downside adjustment in the short term.
Then watch around 1530; if it breaks below that, look at the 1480–1450 area.
That’s the market.
When it’s rising, don’t chase blindly, and when it drops, don’t panic too quickly.
Understanding the rhythm is more important than trying to predict up or down.#Shein拟港股IPO募资至多18亿美元
SNDK previously rallied from around 1200 all the way to above 1800; this wave of gains has indeed been very strong.
Buoyed by positives such as the earnings report, Investor Day, NAND price hikes, and share buyback plans, the market has basically already priced in much of this in advance.
But that’s how stocks are.
Strong fundamentals don’t mean the price will always rise and never fall.
During this period, a large part of SNDK’s rally comes from speculation on expected price increases, but how the consumer-side demand is recovering still needs further observation.
From the trading chart, after pushing up to 1808, the price didn’t continue to break through—instead, it began to fall.
In the subsequent rebounds, the highs kept getting lower.
For the short term, the bearish structure hasn’t changed yet.
Next, the key is to watch how it reacts around 1600.
If it can’t hold steady even after bouncing back, there is room for further downside adjustment in the short term.
Then watch around 1530; if it breaks below that, look at the 1480–1450 area.
That’s the market.
When it’s rising, don’t chase blindly, and when it drops, don’t panic too quickly.
Understanding the rhythm is more important than trying to predict up or down.#Shein拟港股IPO募资至多18亿美元
