SanDisk’s inclusion in the S&P 100 has ignited sentiment in the memory sector. SK hynix, which is linked to it, has also gained incremental attention. However, I believe this emotion-driven momentum is close to its end, and the risk of chasing the price is too high.

Current price is 1375.8, up 2.5% over the past 24 hours. The high was 1381.4 and the low 1337.2. On the one-hour timeframe, it is still trending upward, but it is only -0.01% below the recent high. On the four-hour chart, however, it is in a clear downtrend and is -3.76% below the high, showing a strong divergence between a short-term long bias and a longer-term short bias. Trading volume is only 81,000, and the lack of volume is insufficient to support a breakout. The order book’s top 10 levels show a buy/sell ratio of 2.67, indicating buyers have an advantage. Funding rate is 0.0615%, which is relatively high—too many longs are crowded. Open positions are 38,000, and sentiment looks overheated, which can easily trigger a pullback and shakeout.

Do not chase gains in terms of discipline. If there’s a pullback to 1373.5, take a small long position; stop loss at 1358.6; target 1393.4. If price holds above 1384.7 on increased volume, add to the position in the trend; set the stop loss at 1371.2. No single trade should exceed 5% of total capital; if the support breaks, exit immediately and do not hold on.

——For personal opinion only, not investment advice. Wish you smooth trading.——

$SKHYNIX# SanDisk officially included in the S&P 100 index