$SNDK Midday SanDisk market analysis!!!
Guys, SanDisk has fallen back to 1,500 again. It’s currently trading around 1,550. What’s the main reason for this drop? The main reason is that the market had previously been hyping up the idea of a prolonged memory-chip cycle, attracting a huge influx of foreign capital and driving memory-sector stock prices sharply higher. But sentiment has now shifted: foreign investors are pulling out on a large scale, huge amounts of money are being sold off, and trading volume and capital flows are shrinking. On top of that, the company’s previous buyback program is about to end, leaving no buyers to absorb the selling. Both whales and retail investors are heading for the exits. Combined with Samsung’s Q3 earnings falling short of expectations, this has put pressure on the global chip sector today. However, after this oversold decline, there may be a technical rebound. Brother Jie predicts that the U.S. stock market will most likely continue to fall when it opens, so his strategy is to go short.$W
Messages on the community feed may be delayed. If you’re still unsure which way the market is headed, join the chatroom for specific trading ideas.$ZEC
#以太坊突破2500USDT #阿根廷央行不推加密入银行支付
Guys, SanDisk has fallen back to 1,500 again. It’s currently trading around 1,550. What’s the main reason for this drop? The main reason is that the market had previously been hyping up the idea of a prolonged memory-chip cycle, attracting a huge influx of foreign capital and driving memory-sector stock prices sharply higher. But sentiment has now shifted: foreign investors are pulling out on a large scale, huge amounts of money are being sold off, and trading volume and capital flows are shrinking. On top of that, the company’s previous buyback program is about to end, leaving no buyers to absorb the selling. Both whales and retail investors are heading for the exits. Combined with Samsung’s Q3 earnings falling short of expectations, this has put pressure on the global chip sector today. However, after this oversold decline, there may be a technical rebound. Brother Jie predicts that the U.S. stock market will most likely continue to fall when it opens, so his strategy is to go short.$W
Messages on the community feed may be delayed. If you’re still unsure which way the market is headed, join the chatroom for specific trading ideas.$ZEC
#以太坊突破2500USDT #阿根廷央行不推加密入银行支付