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These four moving averages are all currently between 1818 and 1880. Theoretically, the price should be stuck here today.
Because breaking through any one of them means one side has surrendered before the Hynix IPO.
If the good news is exhausted and the IPO breaks below its issue price, or if there is a capital siphon effect within the storage sector, SNDK may retrace to fill Thursday's gap and return to 1700.
If Hynix is truly strong, with the IPO surging 20%, then SNDK will break upward and look toward 1900-2000.
If within just one week, SNDK can go from consecutively breaking below four moving averages all the way back to new highs...
Wall Street, you are truly amazing.