$SNDK Breaking into new low, The weakness was there when price broke under $1400
I m ending this thread here, No more updates on this one.!
I m ending this thread here, No more updates on this one.!
Post
CRYPTO MECHANIC
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SNDK
I stopped paying attention to stock charts when crypto came back to life.
SNDK is in a clean downtrend and has broken the last daily low as well. As long as price doesn't reclaim $1,500, I don't see anything good on this chart.
I think AI stocks might take a lot longer to deliver the kind of moves we saw earlier this year. The hype is fading, memory prices are going up, and AI labs are spending far more than they earn.
Anthropic's reported $80.7B loss this week also made headlines, but most of it came from an accounting charge, not purely from operating losses.
AI isn't going anywhere, but that doesn't mean AI stocks will keep pumping at the same pace. I'd rather wait for better setups than chase the hype.
Technically, it should reclaim $1,500 atleast.
I stopped paying attention to stock charts when crypto came back to life.
SNDK is in a clean downtrend and has broken the last daily low as well. As long as price doesn't reclaim $1,500, I don't see anything good on this chart.
I think AI stocks might take a lot longer to deliver the kind of moves we saw earlier this year. The hype is fading, memory prices are going up, and AI labs are spending far more than they earn.
Anthropic's reported $80.7B loss this week also made headlines, but most of it came from an accounting charge, not purely from operating losses.
AI isn't going anywhere, but that doesn't mean AI stocks will keep pumping at the same pace. I'd rather wait for better setups than chase the hype.
Technically, it should reclaim $1,500 atleast.