9.11 White Board $SNDK Analysis!!!
SanDisk faces near-term pressure due to macro rate-hike expectations and warnings from industry leaders, leading to a pullback. However, the fundamentals remain supported by AI demand and long-term contract lock-ins. That said, the overall market is currently in a downtrend. If it rebounds up into the moving-average resistance zone around 1725-1735 and is rejected, then consider a small-position short.
Also, from a technical pattern perspective, it is currently holding the support area around 1670 and has formed a double-bottom pattern on the 1-hour K chart. Therefore, today focus on the strength of the support at 1670. If it holds, you may try a small-position long. Treat the rest of the day as range-bound/sideways trading. At other levels, wait until the evening CPI data becomes clear before setting up positions.
Brother Fan’s plan: keep looking for short entries on rebounds. For the detailed trading approach, see the chat room below👇👇👇
#CPI数据来袭能否触发9月加息
SanDisk faces near-term pressure due to macro rate-hike expectations and warnings from industry leaders, leading to a pullback. However, the fundamentals remain supported by AI demand and long-term contract lock-ins. That said, the overall market is currently in a downtrend. If it rebounds up into the moving-average resistance zone around 1725-1735 and is rejected, then consider a small-position short.
Also, from a technical pattern perspective, it is currently holding the support area around 1670 and has formed a double-bottom pattern on the 1-hour K chart. Therefore, today focus on the strength of the support at 1670. If it holds, you may try a small-position long. Treat the rest of the day as range-bound/sideways trading. At other levels, wait until the evening CPI data becomes clear before setting up positions.
Brother Fan’s plan: keep looking for short entries on rebounds. For the detailed trading approach, see the chat room below👇👇👇
#CPI数据来袭能否触发9月加息
