The de-leveraging process in storage companies like SanDisk, Micron, and SK hynix has been brutal; everyone is operating at a loss. Based on experience in the crypto market, a pullback of about 50% can be a spot to heavily position for a rebound. If the rebound is strong, you can go for the bottom and new highs can be seen; if the rebound is weak and it consolidates for a period of time, it will fall 70%-80%, wiping out all leverage.


Bottom-picking reference
SanDisk: 1200-1300 in the 50% range
Micron: 600-800
SK hynix: 1000-1200
SNDK-3.87%
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GateUser-ba433a79
· 15h ago
Get on board now! 🚗
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GateUser-ba433a79
· 15h ago
Get on board now! 🚗
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