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A massively oversold rebound “one-day trip”! Bold shorts on SanDisk 1380 and Micron 850—how long will this bear market rally last? Neighbors, don’t run away!
Brothers, yesterday the storage sector popped a bit, and some people started shouting “it’s a reversal” and “buying the dip.” What happened then? After SanDisk surged up to 1450, it immediately fell back to the starting point. Micron 890 couldn’t even hold its ground, and it dropped again today. MiG tells you the truth—how long this bear market rally lasts? Neighbors, don’t run away! A rebound isn’t a reversal; it’s an opportunity for you to escape with your life!
This week, the Philadelphia Semiconductor Index has plunged 10%, officially confirming a technical bear market. Nvidia keeps falling 2.21%, the Nasdaq is down 1.4%, and the overall trend of the entire semiconductor sector has completely turned bad. Although Seagate and Hynix ADRs rebounded slightly, Western Digital surged and then pulled back—overall, the trend is still heading downward. With the market closed over the weekend, panic sentiment will only intensify further. On Monday, when Korean stocks open, they will most likely make up losses immediately at the open—then there will be another wave of bloodshed.
On the technical side, SNDK’s 1-hour RSI rebounded to 41 but ran out of steam. The MACD dead cross below the zero line continues. The BOLL mid-band at 1383 forms heavy pressure. After pushing up to 1450 yesterday and then dropping back to the starting point, this is a classic “trap to lure longs.” MU similarly rebounded to 890 and then fell back under pressure. The BOLL mid-band at 848 acts as resistance, RSI is 47, and upside momentum is clearly not enough.
MiG’s advice: plan ahead—then wait to harvest!
Since there’s no trading over the weekend, you can place orders in advance to set up for Monday’s downside move at the Korean stock open.
$SNDK : Short around 1380, target 1300.
$MU : Short around 850, target 820.
Personal view:
Brothers, in a bear market there’s no bottom to talk about—this is a lesson paid for with blood and tears. A rebound is an opportunity for you to short; don’t let a small bounce fool your eyes. Follow the trend, pick the right direction, and strike hard. On Monday, it will likely open lower—place your orders in advance and wait for the market to hand you the money.
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