$SNDK After SanDisk plunged 14%, smart money has closed out and exited; a four-hour oversold signal is already in place.

Others may be fearful while I’m greedy—but first, read and understand this chart.

News: The Philadelphia Semiconductor Index is down more than 11% over two days, and SanDisk has tumbled 14% to 1745. The panic comes from doubts about AI returns, but SanDisk has just released its 332-layer new chip, and the fundamentals have not broken.

Technical analysis: The four-hour RSI has fallen to 24.35, an extremely oversold level. Some traders have placed bid/long orders at 1765, targeting 1902/1992, with a stop-loss at 1584, and a risk-reward ratio of 2.6:1.

Smart money: The address that previously made $4.15 million from long AI positions opened a short on July 1 with floating profit of $1.74 million, but closed the position in the early hours of July 2 to lock in a profit of $448k; the shorts have already run.

Viewpoint: 1800-1845 is a resistance zone where you can consider shorting; more aggressive traders could chase shorts at 1790. But smart money has stopped—retail investors shouldn’t be the last one holding the bag. #gStocks代币化股票上线