$SNDK appeared on the trading volume leaderboard, down 8.66%, with a turnover of 1.791 billion. That’s a fairly steep decline compared with all the other instruments that day.
What’s worth considering is the combination of turnover and the decline: with 1.791 billion in turnover, the price still fell 8.66%. That suggests more people were selling than buying, and buyers weren’t able to support the price.
The price is now at 1432.2600. At this level, the higher the turnover, the greater the disagreement—it can’t simply be brushed aside as “heavy trading.” When volume builds while the price falls, the next move could be either a stabilization or a continued search for a lower reference point. There are reasons for both scenarios.
I won’t guess the direction. I’ll just watch to see whether volume contracts and whether the price can hold at this level. A genuine reversal usually begins with turnover declining, followed by the price gradually stabilizing.
#SNDK
What’s worth considering is the combination of turnover and the decline: with 1.791 billion in turnover, the price still fell 8.66%. That suggests more people were selling than buying, and buyers weren’t able to support the price.
The price is now at 1432.2600. At this level, the higher the turnover, the greater the disagreement—it can’t simply be brushed aside as “heavy trading.” When volume builds while the price falls, the next move could be either a stabilization or a continued search for a lower reference point. There are reasons for both scenarios.
I won’t guess the direction. I’ll just watch to see whether volume contracts and whether the price can hold at this level. A genuine reversal usually begins with turnover declining, followed by the price gradually stabilizing.
#SNDK