Can you buy the dip after the memory sector crash?
SNDK, SK HYNIX, and MU all fell across the board today. The Korean stock index plunged right after the open, dragging the entire market lower. Another factor was that the positive news about buybacks had largely been priced in, and the buybacks have now ended. China’s ChangXin Memory Technologies announced a new-generation memory architecture, which could significantly reduce market demand for memory and weigh on the sector. Investors are taking profits!
In the short term, watch the 1,400–1,430 support range for SanDisk. The hourly chart is showing clear signs of stabilization. For a short-term trade, you could take a small position around 1,480–1,500 to catch a rebound! #Evernorth纳斯达克首日收跌1.05% #AaveV4在Arc存款突破3亿美元 #比特币重回8.4万美元
SNDK, SK HYNIX, and MU all fell across the board today. The Korean stock index plunged right after the open, dragging the entire market lower. Another factor was that the positive news about buybacks had largely been priced in, and the buybacks have now ended. China’s ChangXin Memory Technologies announced a new-generation memory architecture, which could significantly reduce market demand for memory and weigh on the sector. Investors are taking profits!
In the short term, watch the 1,400–1,430 support range for SanDisk. The hourly chart is showing clear signs of stabilization. For a short-term trade, you could take a small position around 1,480–1,500 to catch a rebound! #Evernorth纳斯达克首日收跌1.05% #AaveV4在Arc存款突破3亿美元 #比特币重回8.4万美元