$SNDK
The recent move was Kioxia, along with others, smashing through and increasing capacity by 31B yen, plus buyback authorization and the like—this is considered a mid-term narrative.
For U.S.-stock-related contracts, the market often drops first and then grinds around during the open/intraday.
Structurally, after the sharp selloff comes a repair-and-consolidation range: the lows are being raised, but the resistance in the 1495–1510 area is still there. If it can’t break through, it will keep whipsawing back and forth.
For the short term, I favor going long on pullbacks—I wouldn’t chase this current price.
Personal trade plan: Go long
Entry: Wait for a retracement to the 1468–1478 area before buying
Stop-loss: 1428
Take-profit: around 1675
This week’s trading difficulty for memory stocks is likely to be relatively high—if you’re trading memory names, make sure your risk control is solid.
The recent move was Kioxia, along with others, smashing through and increasing capacity by 31B yen, plus buyback authorization and the like—this is considered a mid-term narrative.
For U.S.-stock-related contracts, the market often drops first and then grinds around during the open/intraday.
Structurally, after the sharp selloff comes a repair-and-consolidation range: the lows are being raised, but the resistance in the 1495–1510 area is still there. If it can’t break through, it will keep whipsawing back and forth.
For the short term, I favor going long on pullbacks—I wouldn’t chase this current price.
Personal trade plan: Go long
Entry: Wait for a retracement to the 1468–1478 area before buying
Stop-loss: 1428
Take-profit: around 1675
This week’s trading difficulty for memory stocks is likely to be relatively high—if you’re trading memory names, make sure your risk control is solid.