$SNDK Rebounds After a Sharp Drop, but Bears Are Still Applying Pressure
U.S. storage stocks sold off across the board last night. SanDisk closed down 8.5%, while the Philadelphia Semiconductor Index plunged nearly 7%. The trigger was market concern over the pace of AI spending following Meta’s earnings report. Funds pulled out of tech stocks, and high-valuation names like SanDisk were among the first to be hit.
Storage stocks are rebounding across the board in premarket trading today, with SanDisk up more than 3%. There are signs of a short-term recovery, but the order-book ratio is still negative, with sell orders weighing on the stock and buyers showing little urgency. This suggests that big-money investors are still waiting on the sidelines, so the strength of the rebound is uncertain. Technically, the moving averages have formed a death cross, and around 1280 is a key support level. If it breaks, the stock could head toward 1260–1270.
Trading plan
If the rebound stalls around 1288–1295, consider a small short position, targeting 1270, with a stop-loss above 1305. Don’t rush into long positions; wait until it holds above 1310.
Earnings are due on October 29, and volatility is likely to increase over the next few days. Manage your position size carefully.
#Pepe上涨14%领涨山寨币反弹 #股票财报季
U.S. storage stocks sold off across the board last night. SanDisk closed down 8.5%, while the Philadelphia Semiconductor Index plunged nearly 7%. The trigger was market concern over the pace of AI spending following Meta’s earnings report. Funds pulled out of tech stocks, and high-valuation names like SanDisk were among the first to be hit.
Storage stocks are rebounding across the board in premarket trading today, with SanDisk up more than 3%. There are signs of a short-term recovery, but the order-book ratio is still negative, with sell orders weighing on the stock and buyers showing little urgency. This suggests that big-money investors are still waiting on the sidelines, so the strength of the rebound is uncertain. Technically, the moving averages have formed a death cross, and around 1280 is a key support level. If it breaks, the stock could head toward 1260–1270.
Trading plan
If the rebound stalls around 1288–1295, consider a small short position, targeting 1270, with a stop-loss above 1305. Don’t rush into long positions; wait until it holds above 1310.
Earnings are due on October 29, and volatility is likely to increase over the next few days. Manage your position size carefully.
#Pepe上涨14%领涨山寨币反弹 #股票财报季
