Been looking at $SNDKB tonight and man this chart has been bleeding for weeks
Late Sept it was up near 1900, now its sitting at 1298. Thats roughly a third gone. Last 2 days it dropped from about 1400 to 1300 and today its just flat between 1294 and 1305 on tiny volume since US market is closed for the weekend.
Still under both 4H EMAs, the 20 is up at 1350 now.
For me 1278 is the line, thats the Oct 15 wick. If Monday opens and it loses that on a 4H close I think it keeps sliding. Bounce only gets interesting back over 1350 and the real test is 1407.
Anyone holding memory stocks here or waiting?
Weekend thoughts only, not advice
#TokenizedStocks #SanDisk
Late Sept it was up near 1900, now its sitting at 1298. Thats roughly a third gone. Last 2 days it dropped from about 1400 to 1300 and today its just flat between 1294 and 1305 on tiny volume since US market is closed for the weekend.
Still under both 4H EMAs, the 20 is up at 1350 now.
For me 1278 is the line, thats the Oct 15 wick. If Monday opens and it loses that on a 4H close I think it keeps sliding. Bounce only gets interesting back over 1350 and the real test is 1407.
Anyone holding memory stocks here or waiting?
Weekend thoughts only, not advice
#TokenizedStocks #SanDisk