$SNDK Sell short at speed!!
SNDK broke straight through the MA25 (1599.69) with a single bearish candle. The MA7 and MA25 have just formed a death cross, and the price has completely lost short-term moving-average support. The MACD green histogram continues to expand, and the bears have begun to take full control of the situation. In the storage-chip industry where SanDisk is located, recent demand has been sluggish, inventory reduction has been slower than expected, and rumors that major customers cut orders have further stirred market sentiment. Fundamentally, there is essentially no upward catalyst in the short term. Even rebounds can’t get back up to 1600. First, look for the downside at the 1500 round-number support level; this area is likely not to hold.
Entry: 1,589.47
Stop loss: 1,620.00
Take profit: 1,520.00
$SNDK - Short 🔻
Enter from below👇
SNDK broke straight through the MA25 (1599.69) with a single bearish candle. The MA7 and MA25 have just formed a death cross, and the price has completely lost short-term moving-average support. The MACD green histogram continues to expand, and the bears have begun to take full control of the situation. In the storage-chip industry where SanDisk is located, recent demand has been sluggish, inventory reduction has been slower than expected, and rumors that major customers cut orders have further stirred market sentiment. Fundamentally, there is essentially no upward catalyst in the short term. Even rebounds can’t get back up to 1600. First, look for the downside at the 1500 round-number support level; this area is likely not to hold.
Entry: 1,589.47
Stop loss: 1,620.00
Take profit: 1,520.00
$SNDK - Short 🔻
Enter from below👇
