$SNDK $SKHYNIX The relentless decline continues—is the storage sector really done for?
SanDisk and SK hynix have virtually no support below. SK hynix fell as low as 924, and SanDisk as low as 961. Those holding short positions and looking to play it safe can take profits now!
The whales who bought the dip are still sitting on unrealized losses. Caibao warned this morning that the storage sector would remain weak intraday, and the market is now proving that right. So be cautious when buying the dip!
The intraday rebound is as weak as it gets. With no obvious buyers willing to step in, what rebound can you expect? If you’ve closed your short positions, keep an eye out for opportunities after the U.S. market opens. If prices rebound, you can short again!
SanDisk and SK hynix have virtually no support below. SK hynix fell as low as 924, and SanDisk as low as 961. Those holding short positions and looking to play it safe can take profits now!
The whales who bought the dip are still sitting on unrealized losses. Caibao warned this morning that the storage sector would remain weak intraday, and the market is now proving that right. So be cautious when buying the dip!
The intraday rebound is as weak as it gets. With no obvious buyers willing to step in, what rebound can you expect? If you’ve closed your short positions, keep an eye out for opportunities after the U.S. market opens. If prices rebound, you can short again!
