11.9 Monday Xu Wen $SNDK Strategy
On the 15-minute chart, the price is 827. MA5 (829.6), MA10 (834.1), and MA20 (835.9) are all above the current price and sloping downward, showing a bearish alignment of the short-term moving averages. The 24-hour low of 806 nearly coincides with the U.S. stock market low of 806.43 on November 5, suggesting that 806–810 is a short-term liquidity zone that has been tested repeatedly. With a 7-day decline of 26% and a 30-day decline of 48%, any rebound amid this steep downtrend should initially be viewed as an “oversold recovery,” not a “trend reversal,” until a reversal is confirmed.
Trading plan: Short into the rebound
Short directly in the 835–850 range on a rebound; set a stop-loss above 860 and target 806.
$SNDK
#AI芯片股重挫纳指周跌3.4%
On the 15-minute chart, the price is 827. MA5 (829.6), MA10 (834.1), and MA20 (835.9) are all above the current price and sloping downward, showing a bearish alignment of the short-term moving averages. The 24-hour low of 806 nearly coincides with the U.S. stock market low of 806.43 on November 5, suggesting that 806–810 is a short-term liquidity zone that has been tested repeatedly. With a 7-day decline of 26% and a 30-day decline of 48%, any rebound amid this steep downtrend should initially be viewed as an “oversold recovery,” not a “trend reversal,” until a reversal is confirmed.
Trading plan: Short into the rebound
Short directly in the 835–850 range on a rebound; set a stop-loss above 860 and target 806.
$SNDK
#AI芯片股重挫纳指周跌3.4%
