$SNDK broke below its 50-day simple moving average around 1580.
Sticking to the rule — no new buys below the 50-sma — dodged a 25% drop in three weeks.
Dozens of tech names lost their 50-sma recently. No point chasing them down.
Sure, maybe we get big counter-trend bounces soon. But that's not the game. Wait for the trend to flip, then act.
Sticking to the rule — no new buys below the 50-sma — dodged a 25% drop in three weeks.
Dozens of tech names lost their 50-sma recently. No point chasing them down.
Sure, maybe we get big counter-trend bounces soon. But that's not the game. Wait for the trend to flip, then act.
