For SanDisk, the lowest level to consider shorting is around 1344, with 1350 as resistance. Chasing shorts below that without an accelerated sell-off could easily mean giving back profits or getting caught in a reversal.
As long as 1200 holds, the target around 1222 for Thursday is a potential bottom-fishing entry. You can hold the long position here and see how it develops. If you want to capture the subsequent 400+ point rebound, you’ll need to hold through the pullback until it’s nearing its end. If you exit too early and it rebounds afterward, chasing it back up would make the pullback pointless and defeat the purpose of bottom-fishing.
As long as 1200 holds, the target around 1222 for Thursday is a potential bottom-fishing entry. You can hold the long position here and see how it develops. If you want to capture the subsequent 400+ point rebound, you’ll need to hold through the pullback until it’s nearing its end. If you exit too early and it rebounds afterward, chasing it back up would make the pullback pointless and defeat the purpose of bottom-fishing.