$SNDK

SanDisk is doing okay today

It hasn’t disappointed me too much

Let’s talk about SanDisk

This company has really been quite volatile lately

When it was rising in the earlier period, it was “Shen-ing”

Recently it dropped into “Shen-dog” territory

Yesterday’s plunge—I'm sure a lot of brothers suffered

Today it’s better; at least I got a bite of meat

Earlier posts already mentioned

1500 is a very important support level within an upward trend

Once it breaks the upward trend, it will break that structure

I didn’t expect that despite all kinds of news lately

SanDisk is a great company—

but it’s still affected

It broke below 1500

1440 is SanDisk’s life-or-death line

Once it breaks, it collapses—and then you’ll probably have to stay in a long period of sideways trading

Because 1440 is the high point of wave one

And it’s also a strong support

The correction in wave four can’t fall back into the range of wave one

Otherwise, it’ll just keep oscillating and consolidating

When it rises again next time is anyone’s guess

Today counts as holding the line

Right now the price is around 1486

This pullback dipped a bit deep

So the later momentum might be a little lacking

If there’s no major public-opinion or news impact

Going to 2000 should still be something to be fairly confident about

For the long-term brothers, you can still consider entering

For the contract, short-term, high-leverage brothers

I suggest you know when to stop once you’ve made a good gain

In my view, the key to trading contracts is to lock in profits

Set your stop-loss properly

Move your stop-loss and take-profit as well

After all, keeping yourself alive matters more than anything

Don’t you agree?


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