Actually, those who know me well know that I also sneer at technical analysis—isn't this just overfitting, astrology, pure fortune-telling?



But the thing is:
1) I'm in the hospital now, and there's not much else I can do.
2) After Friday's sharp drop, SNDK's trend suddenly turned into a textbook technical pattern—maybe thanks to the bots.

For example, Tuesday's intraday deep V did make $1,500 the bottom of the week;
Wednesday's solid bullish candle that closed the gap is exactly the kind of lesson bulls love;
As for why today, Thursday, after a big rally, the price stopped right below the 20MA instead of charging straight to 2,000—after reading my afternoon post, you should already have an idea.

Based on this logic, I managed to do two things:
1) I did bottom-fish at 1,500 on Tuesday, buying snxx;
2) On Thursday, I closed snxx halfway through the rally, exiting with 25% profit; and I didn't chase today.

For me, this level of technical analysis is already enough.

Of course, technical analysis can't predict the future. Everything in stocks is probability—for instance, I don't know if Friday will see a big surge breaking 2,000 or a drop back to 1,730 to close the gap.

But understanding the market through such obvious technical signals and finding high-probability strategies that can be useful to oneself—isn't that the homework we all should do and the effort we should make, including me?

Do you expect someone to spoon-feed you? I can't even do that for $599 a month.

What do you think?

Why are there so many giant babies in our Chinese comment sections? Is it really the merit of nine years of compulsory education? Or the legacy of paternalistic politics?

Thank you.
SNDK7.45%
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