$SNDK SNDK is currently at 1390; bears are still watching 1400
SNDK is now hovering around 1390, and the short-term outlook remains bearish.
The price has failed twice to break above 1400. Each time it rebounded toward this resistance, it was pushed back down, showing that selling pressure remains overhead. This move looks more like a recovery during a decline; for now, there are no clear signs of a trend reversal.
Put simply, after such a steep drop, a bounce is perfectly normal. The key isn’t whether it bounces, but whether it can truly hold its ground afterward.
So my view on US stocks hasn’t changed: SNDK remains bearish in the short term, with particular attention on how it behaves near the 1400 resistance level. If the rebound meets resistance, then consider shorting—but don’t rush to chase it.
#美国9月PPI年率升至6.3%
SNDK is now hovering around 1390, and the short-term outlook remains bearish.
The price has failed twice to break above 1400. Each time it rebounded toward this resistance, it was pushed back down, showing that selling pressure remains overhead. This move looks more like a recovery during a decline; for now, there are no clear signs of a trend reversal.
Put simply, after such a steep drop, a bounce is perfectly normal. The key isn’t whether it bounces, but whether it can truly hold its ground afterward.
So my view on US stocks hasn’t changed: SNDK remains bearish in the short term, with particular attention on how it behaves near the 1400 resistance level. If the rebound meets resistance, then consider shorting—but don’t rush to chase it.
#美国9月PPI年率升至6.3%