$SNDK Tonight’s thinking: rebound or empty, 1400 is the key! 📉
Yesterday Nvidia’s earnings beat expectations, and SanDisk followed with a rebound. A lot of people thought it might mark a trend reversal, but once the US market opened, it delivered a sudden slap in the face—after a few big bearish candles, it basically got pushed back to where it started.
This makes it pretty clear: there’s still heavy selling pressure overhead, the rebound hasn’t been sustained, and the buying support below isn’t that strong either.
If it really were a strong trend reversal, at least it should be able to hold the key level—rather than getting smashed down the moment it makes a move up.
Also, with Friday close to settlement, short-term capital is going to be even more aggressive in its tug-of-war. At times like this, it’s easier to see a peak-and-fade move. Chasing longs isn’t great in terms of risk-reward.
So tonight, Haitang still leans bearish. The focus is whether that key support around 1400 can be held.
For execution: brothers who prefer a more steady approach can wait for the rebound to around 1480 and then look for short setups; if you trade short-term and can tolerate volatility, you can enter a small position at current price around 1450.
The target is first to look at 1400. Once 1400 breaks down effectively, more downside room will open up 📉
$SKHYNIX $MU #黄金8月上涨约14% #美国企业利润创历史新高 #标普500涨0.7%科技板块涨3.3%
Yesterday Nvidia’s earnings beat expectations, and SanDisk followed with a rebound. A lot of people thought it might mark a trend reversal, but once the US market opened, it delivered a sudden slap in the face—after a few big bearish candles, it basically got pushed back to where it started.
This makes it pretty clear: there’s still heavy selling pressure overhead, the rebound hasn’t been sustained, and the buying support below isn’t that strong either.
If it really were a strong trend reversal, at least it should be able to hold the key level—rather than getting smashed down the moment it makes a move up.
Also, with Friday close to settlement, short-term capital is going to be even more aggressive in its tug-of-war. At times like this, it’s easier to see a peak-and-fade move. Chasing longs isn’t great in terms of risk-reward.
So tonight, Haitang still leans bearish. The focus is whether that key support around 1400 can be held.
For execution: brothers who prefer a more steady approach can wait for the rebound to around 1480 and then look for short setups; if you trade short-term and can tolerate volatility, you can enter a small position at current price around 1450.
The target is first to look at 1400. Once 1400 breaks down effectively, more downside room will open up 📉
$SKHYNIX $MU #黄金8月上涨约14% #美国企业利润创历史新高 #标普500涨0.7%科技板块涨3.3%
