$SNDK The market has stretched strongly—it's already up 6 points. Can we still go long?


#闪迪 Luo Jie believes it’s possible to pull back a bit and open a small position to go long. Why?
The current rebound can be understood as an oversold bounce, or it can be understood as U.S. stocks where retail investors and big players are “bottom-fishing.” The market is closed for two days over the weekend—right after institutions have already exited to distribute their positions—so market sentiment tilts toward bargain-hunting and laying traps. That’s why the price action has followed an upward trend. Once 9:30 arrives and institutions enter the market, there could be a second round of stretching. If you don’t want to miss out, you can go long with a small position and wait for the market’s reaction after the 9:30 opening—then act. If you make a profit, take it and leave; don’t get greedy.
SNDK6.00%
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