$SNDK Has SanDisk really been confirmed as a bottomless pit???
A lot of people have tried to buy the dip on SanDisk, only to get stuck holding the bag time and again. The chart is pretty clear: every rebound fails to attract follow-through buying, and the price gets dumped as soon as it rises. The downtrend is unmistakable, and looking at the price action, it feels like a bottomless pit. $BNB
SanDisk’s plunge was driven by several negative factors converging. First, the memory sector weakened across the board, as money flowed out of high-valuation AI stocks and risk aversion increased.
Second, the market remains worried about the memory cycle. Major manufacturers are expanding capacity, and investors fear that future supply will increase, making it difficult for the price rally to last. On top of that, this stock had surged massively beforehand, leaving it under constant pressure from short sellers, while its shareholder base was already fragile. A sudden sell-off at the open triggered a large number of stop-loss orders, setting off a wave of panic selling.
But it’s important to distinguish between a weakening market and a fundamental blowup at the company. It has no major financial problems, and orders are still coming in. The core issue is that expectations for the memory cycle have changed: the market is concerned about rising capacity and slower AI demand growth, and the high valuation fueled by earlier hype is gradually coming back down.
Trading strategy analysis:
According to Brother Fa’s analysis yesterday, if the stock fails to hold the 900 level, it could fall to around 879 and consolidate as the market absorbs the selling pressure. Also, with SanDisk’s stock split coming up, it could very well fall again tonight to around 825. Aggressive traders could look for a level near 700.
Follow Brother Fa for ongoing, in-depth market analysis and insights into how money is positioned, so you can spot opportunities and manage risk! #加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录
A lot of people have tried to buy the dip on SanDisk, only to get stuck holding the bag time and again. The chart is pretty clear: every rebound fails to attract follow-through buying, and the price gets dumped as soon as it rises. The downtrend is unmistakable, and looking at the price action, it feels like a bottomless pit. $BNB
SanDisk’s plunge was driven by several negative factors converging. First, the memory sector weakened across the board, as money flowed out of high-valuation AI stocks and risk aversion increased.
Second, the market remains worried about the memory cycle. Major manufacturers are expanding capacity, and investors fear that future supply will increase, making it difficult for the price rally to last. On top of that, this stock had surged massively beforehand, leaving it under constant pressure from short sellers, while its shareholder base was already fragile. A sudden sell-off at the open triggered a large number of stop-loss orders, setting off a wave of panic selling.
But it’s important to distinguish between a weakening market and a fundamental blowup at the company. It has no major financial problems, and orders are still coming in. The core issue is that expectations for the memory cycle have changed: the market is concerned about rising capacity and slower AI demand growth, and the high valuation fueled by earlier hype is gradually coming back down.
Trading strategy analysis:
According to Brother Fa’s analysis yesterday, if the stock fails to hold the 900 level, it could fall to around 879 and consolidate as the market absorbs the selling pressure. Also, with SanDisk’s stock split coming up, it could very well fall again tonight to around 825. Aggressive traders could look for a level near 700.
Follow Brother Fa for ongoing, in-depth market analysis and insights into how money is positioned, so you can spot opportunities and manage risk! #加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录
跌破至700附近
触底反弹，开始修复行情
等待机会，暂时观望
19 hr(s) left