SanDisk’s yesterday’s price action was pretty interesting. We’ve been looking long near the resistance line all the time, but I guess many friends didn’t get on this long position. First, after it held steady, it surged by 3%, then quickly dropped back, adjusted downward by 4%, and then jumped straight up to 6%. For short-term traders and players using high leverage, this kind of play is truly lethal. Basically, no matter whether it’s long or short—if you don’t take profit in time, this wave will wipe everything out.
The only contract strategy that can survive is the low-leverage approach: a mid-to-long-term style where the stop-loss and take-profit levels are set relatively high. The U.S. stock market’s “human nature” kicks in—feels just as thrilling as trash coins.
Overall trend matches what we expected. The overall uptrend is quite strong. After it holds above the resistance line, overall we look for it to go long. #SNDK
$SNDKB
The only contract strategy that can survive is the low-leverage approach: a mid-to-long-term style where the stop-loss and take-profit levels are set relatively high. The U.S. stock market’s “human nature” kicks in—feels just as thrilling as trash coins.
Overall trend matches what we expected. The overall uptrend is quite strong. After it holds above the resistance line, overall we look for it to go long. #SNDK
$SNDKB
