$SKHYNIX Is storage facing a collective crash?

In the short term, heat in the storage sector is starting to be unwound as funds flow out. This is because Nvidia’s earnings report has exposed the cost pressure on storage. Bargain-good news is being realized, and with the weekend approaching, funds are beginning to take a defensive stance!

Over the past two days, if you see a rebound you can short it. Next, you can expect $SNDK to catch up with the downside lag, with the target being to break below and set new lows. At the current price, you can take a partial position lightly and keep some room to add on rebounds!

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