$SKHYB has been rubbing against the cost line for a while. If there isn’t a relatively good rebound here, for example a “bald head bullish” move, it means there isn’t much desire from funds to go long. The overhead pressure is still there, so in the short term we may enter another downtrend consolidation cycle. Let’s watch for another 2 days.
If the bad news is already priced in and there isn’t a large sell-off, then it still means there are funds willing to take over. $SNDK SanDisk’s entry time into the S&P index is the 21st. Recently it has also been constantly suppressing the price. Plus, the fund’s year-end ranking is coming up, so positions will be rebalanced for a new round of layout.
The risk-reward value of trading this area is still somewhat attractive. #SanDisk
If the bad news is already priced in and there isn’t a large sell-off, then it still means there are funds willing to take over. $SNDK SanDisk’s entry time into the S&P index is the 21st. Recently it has also been constantly suppressing the price. Plus, the fund’s year-end ranking is coming up, so positions will be rebalanced for a new round of layout.
The risk-reward value of trading this area is still somewhat attractive. #SanDisk