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MU and SNDK both saw another deep V-shaped rebound intraday, smashing back down onto their respective MA20 lines.
It really seems to have been driven by the dual stimulus of Apple sourcing memory modules from CXMT and the 1.3 trillion won investment by Koreans.
But personally, I don’t think this is bearish news at all—please refer to yesterday’s special weekend article for the specific reasons.
Thanks, everyone~