$SNDK What’s next for SanDisk?
After falling all the way from above 1,100, each rebound has peaked lower, while the lows keep dropping—a typical bearish trend.
After the 1,000 level gave way, the decline accelerated sharply, with consecutive large bearish candles driving prices down.
Next, keep a close eye on 900 as resistance. If this rebound can’t break above it and hold, it will most likely be over, and we can expect prices to keep falling.
Short entry: 880; target: 820
But we shouldn’t stubbornly stick to one direction when trading. If prices break above 900 on strong volume and hold there, the signal reverses, and we need to change our outlook and switch to going long.
The market is dynamic. When the structure changes, our outlook needs to change with it. Never hold on stubbornly without a stop-loss.
#港证监会拟限加密及交易所字眼
#CPI前瞻，12月利率走向迎关键考验
After falling all the way from above 1,100, each rebound has peaked lower, while the lows keep dropping—a typical bearish trend.
After the 1,000 level gave way, the decline accelerated sharply, with consecutive large bearish candles driving prices down.
Next, keep a close eye on 900 as resistance. If this rebound can’t break above it and hold, it will most likely be over, and we can expect prices to keep falling.
Short entry: 880; target: 820
But we shouldn’t stubbornly stick to one direction when trading. If prices break above 900 on strong volume and hold there, the signal reverses, and we need to change our outlook and switch to going long.
The market is dynamic. When the structure changes, our outlook needs to change with it. Never hold on stubbornly without a stop-loss.
#港证监会拟限加密及交易所字眼
#CPI前瞻，12月利率走向迎关键考验
