$SNDK Tonight, should we go long or short?

For the long term, Sister Lu definitely is mainly bearish, but looking at today’s intraday action, there’s almost no pullback during the daytime—indicating that the bottom has been supported by buying pressure from funds. What we’re waiting for now is the cue once U.S. markets open. The only missing piece is that one burst of momentum from the U.S. market.

Nvidia leading AI and the memory sector are all moving higher together. The positive sentiment from early-morning news hasn’t fully dissipated yet. Also, at 4:00 PM, the U.S. stock options market opens with bullish sentiment being very strong. Tonight, it’s likely that the market will open and surge, targeting the 1600 level. Once it reaches that point, any move higher is an automatic short.

What do you think tonight—short or long? Results are about to be announced!