Memory stocks are bleeding today, and $SNDK is caught in the middle 🩸
SK Hynix down 10%. Korean market dragging the whole memory sector with it. And #SanDisk ? Taking the hit too.
Remember how insane these names ran last year? Dozens of X at the peak for some. Now I'm starting to wonder if smart money is quietly cashing out.
Here's what's bugging me — the 7-day MA is still parked way up near the highs while price drops hard underneath it. That gap doesn't lie.
So what is this?
Healthy pullback after a monster run… or the start of something uglier?
I'm not catching this knife. But if the selling stabilizes, that's when I start paying attention.
Are you buying the dip or waiting it out? 👇
$SNDK #BinanceSquareFamily
SK Hynix down 10%. Korean market dragging the whole memory sector with it. And #SanDisk ? Taking the hit too.
Remember how insane these names ran last year? Dozens of X at the peak for some. Now I'm starting to wonder if smart money is quietly cashing out.
Here's what's bugging me — the 7-day MA is still parked way up near the highs while price drops hard underneath it. That gap doesn't lie.
So what is this?
Healthy pullback after a monster run… or the start of something uglier?
I'm not catching this knife. But if the selling stabilizes, that's when I start paying attention.
Are you buying the dip or waiting it out? 👇
$SNDK #BinanceSquareFamily