That one-hour plunge probably woke quite a few people up. $SNDKB dropped 5.38% in an hour, trading at 839.44, with the 24-hour low of 794.03 just below.
It’s actually down only 1.88% on the day, which means almost all of today’s losses came in that one hour. Things had been fine, then suddenly the chart took a nosedive. Anyone holding it is probably feeling confused and panicked right now: sell, and risk selling at the bottom; hold, and worry this is just the first drop.
I’d lean toward sitting tight for now, because the biggest risk with a sharp one-hour drop like this is trying to catch a falling knife. If 794.03 doesn’t hold, we’ll see a new low. But if it can stabilize around 794.03 and the decline tapers off, I’ll change my mind immediately—that would show this was just a shakeout.
A frank question for anyone holding $SNDKB : are you more tempted to buy the dip or get out?
#SNDKB #MarketAnalysis
It’s actually down only 1.88% on the day, which means almost all of today’s losses came in that one hour. Things had been fine, then suddenly the chart took a nosedive. Anyone holding it is probably feeling confused and panicked right now: sell, and risk selling at the bottom; hold, and worry this is just the first drop.
I’d lean toward sitting tight for now, because the biggest risk with a sharp one-hour drop like this is trying to catch a falling knife. If 794.03 doesn’t hold, we’ll see a new low. But if it can stabilize around 794.03 and the decline tapers off, I’ll change my mind immediately—that would show this was just a shakeout.
A frank question for anyone holding $SNDKB : are you more tempted to buy the dip or get out?
#SNDKB #MarketAnalysis