Sandisk objective market outlook analysis 9.24
First, let’s review the logic and tactics behind the last Sandisk rate-hike play. Before the hike, the market had already priced it in to some extent. After a pullback from 1800 to 1507, it was actually possible to place a bet on it. I set my stop-loss at 1500. As long as 1500 doesn’t break, if there’s good news it’s best to aim for the most aggressive rebound possible. I took profit at 1725. I’m not really trying to catch the very last “tail end” of the move—200 points is already enough. Overly追求 selling at the absolute highest point is actually not good.
Next, let’s look at the current Sandisk situation. The day before yesterday, it opened and surged to 1900. Yesterday, it opened high and then fell back to around 1820. Today, before the market opened, it directly came down to 1760. At the 1800 integer level, if there are large funds stepping in to support it, there’s still a chance to move back toward the 2000 area. The main thing to watch is whether it can hold steady around 1800 on Thursday and Friday. Note that 1736 is an important key level. If it breaks below 1736, it would mean this round of upward move has already ended. Also pay attention: if it can’t push up to 2000 and form a high-volume “stalled” up move, then be careful about the risk of a pullback #SNDK
First, let’s review the logic and tactics behind the last Sandisk rate-hike play. Before the hike, the market had already priced it in to some extent. After a pullback from 1800 to 1507, it was actually possible to place a bet on it. I set my stop-loss at 1500. As long as 1500 doesn’t break, if there’s good news it’s best to aim for the most aggressive rebound possible. I took profit at 1725. I’m not really trying to catch the very last “tail end” of the move—200 points is already enough. Overly追求 selling at the absolute highest point is actually not good.
Next, let’s look at the current Sandisk situation. The day before yesterday, it opened and surged to 1900. Yesterday, it opened high and then fell back to around 1820. Today, before the market opened, it directly came down to 1760. At the 1800 integer level, if there are large funds stepping in to support it, there’s still a chance to move back toward the 2000 area. The main thing to watch is whether it can hold steady around 1800 on Thursday and Friday. Note that 1736 is an important key level. If it breaks below 1736, it would mean this round of upward move has already ended. Also pay attention: if it can’t push up to 2000 and form a high-volume “stalled” up move, then be careful about the risk of a pullback #SNDK
