$SNDK SanDisk, Micron, and Hynix reversed so fast—some friends are asking what to do with their short positions! First, take a look at this chart of the P/E ratio and turnover rate distribution: Today’s opening price is lower than yesterday’s closing price. The opening is relatively weak, and sell orders gradually increase. Volume ratio < 0.5 indicates a significant contraction in volume, meaning market funds are currently watching and there is a lack of active buying pressure. In the short term, it will be hard to break out of a sustained one-directional trend. Also, the turnover rate is only 2.15%, and the chips have not seen large-scale rotation; bulls and bears are temporarily locked in stalemate.

Short-term sentiment: Weak-to-low opening and range-bound trading with weakness. Throughout the day, it lacks the strength to reclaim yesterday’s closing price; the long side is insufficient. It’s still recommended to short at higher levels. For short positions you hold, if they are around 1550, you should set protection around 1590. Before the U.S. market closes, it is highly likely to briefly reach up to yesterday’s previous high and then fall back again. It’s recommended to continue shorting around 1640. For those who already entered a long position, it’s recommended to defend at 1518#美光涨超12%