$SNDK how it moves tonight will tell us. If it can’t hold 1400, a major pullback is coming soon!
After Nvidia’s earnings were released, sentiment in the AI sector recovered, and Sandisk and $SKHYNIX rebounded along with it.
Before the open yesterday, I already said that after a decent run-up, we had to watch out for profit-taking on any sharp rally.
As it turned out today, that was exactly what happened: SNDK pulled back after surging, with a low of 1436.
Why focus on 1400?
Because 1400 has been tested many times before. If it doesn’t break down decisively, that means there is buying support here.
Also, if the sector keeps recovering, Sandisk still has room to rebound.
If U.S. stocks weaken tonight and 1400 breaks, the short-term trend will turn weak.
If it holds 1400, then the upside targets are 1450 → 1470
The market is about to give us the answer. If you’re still unsure, come to Jiaqi’s chatroom and I’ll help you sort it out!
#卡塔尔延长LNG不可抗力一个月 #WTI原油涨1.6%至84美元
After Nvidia’s earnings were released, sentiment in the AI sector recovered, and Sandisk and $SKHYNIX rebounded along with it.
Before the open yesterday, I already said that after a decent run-up, we had to watch out for profit-taking on any sharp rally.
As it turned out today, that was exactly what happened: SNDK pulled back after surging, with a low of 1436.
Why focus on 1400?
Because 1400 has been tested many times before. If it doesn’t break down decisively, that means there is buying support here.
Also, if the sector keeps recovering, Sandisk still has room to rebound.
If U.S. stocks weaken tonight and 1400 breaks, the short-term trend will turn weak.
If it holds 1400, then the upside targets are 1450 → 1470
The market is about to give us the answer. If you’re still unsure, come to Jiaqi’s chatroom and I’ll help you sort it out!
#卡塔尔延长LNG不可抗力一个月 #WTI原油涨1.6%至84美元
