At $1,375 for SNDK, are you chasing it?
First, look at the surface: explosive earnings, collapsing stock price.
It fell 12% over the past week, dropping from 1,400+ back to the 1,200-1,300 range, down more than 48% from its ATH of 2,354. Crypto-wide futures liquidations totaled $12.83 million in one hour, second only to BTC and ETH. The 1,200-1,300 range is both previous support and a psychological threshold, while RSI has entered oversold territory. This is either a golden buying opportunity or an abyss.
First: earnings were “above expectations, but not above them enough,” and Wall Street is
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