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Today SNDK looks like it’s down 10%, but it’s basically just retracing to around the 5MA, wiping out the divergence between the stock price and the daily chart.
Storage volatility is too high— it jumped too much on Thursday.
Also, you can clearly see a large amount of funds flowing back into mag 7; besides Google, Meta, amzn, msft, and aapl all surged.
If today is the day for pension funds’ Q2 portfolio rebalancing, then that’s understandable.
Thank you, everyone.