SpaceX plans to raise $40 billion to purchase Nvidia chips. Its expansion of computing capacity is positive for memory demand, indirectly benefiting SNDK as a flash memory play. However, I currently favor range-bound trading; a breakout would require a fresh catalyst.

The current price is 1692.9, up slightly by 1.7%. The 24-hour high and low of 1733.4 and 1618.1 define a trading range. Trading volume is only 463,000, indicating thin activity. Both the 1-hour and 4-hour trends are down, with the price having fallen 10.77% from the 4-hour high. The order book buy/sell ratio is 0.67, indicating that selling pressure is dominant. The funding rate is zero, open interest is 49,000, and sentiment is cautious.

Strategically, consider a small short position on a rebound to 1708.6, with a stop-loss at 1721.3 and a target of 1652.4. If the price breaks above and holds 1719.8 on increased volume, reverse to a long position, targeting 1748.5. Keep the position below 5%, and tightly control slippage in thin liquidity.

— Just my personal opinion; this is not investment advice. Wishing you successful trading. —

$SNDK #SpaceX plans to raise $40 billion to purchase Nvidia chips