$SNDK SanDisk suddenly rebounded in the overnight session, reaching $918, up 6.76%
This rebound is certainly interesting. SanDisk has fallen all the way from $2,354, with its maximum drawdown already exceeding 60%. Investors who chased the rally earlier have mostly been left badly underwater. The sudden surge in volume and rebound in the overnight session suggest that some buyers are starting to step in at lower levels, but it’s still too early to call a trend reversal.
Keep an eye on three key levels tonight:
• $930: The first resistance level. A breakout and hold above it could allow the rebound to continue.
• $950: The next target area. If buying continues, a further push higher cannot be ruled out.
• $880: The short-term line between strength and weakness. A fall below this level would suggest the rebound may lack momentum.
There’s also an important catalyst: On November 20, SanDisk will officially implement an 8-for-1 stock split. The share price will be adjusted according to the split ratio, and the number of shares held will increase eightfold, but the total market capitalization and value of your holdings will not change as a result. The split may make the stock more accessible to retail investors, but it doesn’t make the company cheaper out of thin air.
My take: First, watch to see whether it can break through $930; if it holds above that level, then look toward $950. If it spikes and then pulls back below $880, be cautious—it may just be an oversold bounce, not the start of a new rally.
#德意志银行推出数字资产托管 #英伟达Q3财报将至：能否化解市场疑虑？
This rebound is certainly interesting. SanDisk has fallen all the way from $2,354, with its maximum drawdown already exceeding 60%. Investors who chased the rally earlier have mostly been left badly underwater. The sudden surge in volume and rebound in the overnight session suggest that some buyers are starting to step in at lower levels, but it’s still too early to call a trend reversal.
Keep an eye on three key levels tonight:
• $930: The first resistance level. A breakout and hold above it could allow the rebound to continue.
• $950: The next target area. If buying continues, a further push higher cannot be ruled out.
• $880: The short-term line between strength and weakness. A fall below this level would suggest the rebound may lack momentum.
There’s also an important catalyst: On November 20, SanDisk will officially implement an 8-for-1 stock split. The share price will be adjusted according to the split ratio, and the number of shares held will increase eightfold, but the total market capitalization and value of your holdings will not change as a result. The split may make the stock more accessible to retail investors, but it doesn’t make the company cheaper out of thin air.
My take: First, watch to see whether it can break through $930; if it holds above that level, then look toward $950. If it spikes and then pulls back below $880, be cautious—it may just be an oversold bounce, not the start of a new rally.
#德意志银行推出数字资产托管 #英伟达Q3财报将至：能否化解市场疑虑？
