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We talked about Micron the other day, and SanDisk has also already capped. If you’re doing spot RWA trading, only do an oversold rebound after a big drop. For example, after SanDisk finished falling from Monday to Wednesday, it rebounded by more than 400 points—profits were massive. Doing a big rebound after it drops to a major support area can yield quite impressive profits, whether you’re trading spot or contracts.
Today, I listed two US stocks—SanDisk and Micron—along with the price levels that are suitable for “buying the dip” and going for a big rebound, to share for reference with the US stock group. (I’m pinpointing the levels, so you can’t follow them exactly—you can raise the entry by about 20 points.) For example, on Tuesday I gave a buy-the-dip level for Micron at 866; in reality, it bottomed out at 876 and then stopped falling.