$SNDK About to break through 1,400?
Looking at the charts, SanDisk has been consolidating sideways at elevated levels after a strong rally. Today, it also rose on positive earnings-related news, lifting the storage sector as a whole. However, once good news is priced in, it can become a negative catalyst: those behind the project may have no room to drive prices higher afterward and may cash out their gains. Still, I think SanDisk could make another move up before earnings are announced. Although the stock has been moving sideways, the pullback has been mild, and the overall trend remains upward. My personal trading suggestion: go long if it pulls back to 1,360, with a target of 1,450.
【The views above are for personal reference only and do not constitute investment advice.】
#KOSPI大涨6.63%重返6000点 $SKHYNIX
Looking at the charts, SanDisk has been consolidating sideways at elevated levels after a strong rally. Today, it also rose on positive earnings-related news, lifting the storage sector as a whole. However, once good news is priced in, it can become a negative catalyst: those behind the project may have no room to drive prices higher afterward and may cash out their gains. Still, I think SanDisk could make another move up before earnings are announced. Although the stock has been moving sideways, the pullback has been mild, and the overall trend remains upward. My personal trading suggestion: go long if it pulls back to 1,360, with a target of 1,450.
【The views above are for personal reference only and do not constitute investment advice.】
#KOSPI大涨6.63%重返6000点 $SKHYNIX