SNDK was the first to turn green today, but most likely the maximum won’t be able to break above 1950, which is Thursday’s high.


This suggests:
1) When it surged yesterday, there was short-term bullish behavior
2) The shorts are still there
3) The possibility of a dead-cat bounce still can’t be completely ruled out; keep an eye on a pullback next week. I’ve already sold the call spread
4) As long as it hasn’t broken through Thursday’s gap, 1500 is still the short-term bottom
I’m a long-term bull, but I’m not a mindless long in the short term.
Also, I suggest everyone: if you don’t have long-term positions, you can choose not to trade in the short term.
Why do some people think they can play short-term better than Wall Street? You were chasing SNDK higher when you bought it—really not confident enough to hold it until 2028, right?
Then I suggest you just fully liquidate your entire position.
SNDK3.10%
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