Google, Tesla plunge 14%! The storage sector actually strengthens against the trend. $SNDK SanDisk surges as much as 7% intraday—are the main players quietly accumulating?

Brothers, last night the Nasdaq in the US plunged 2.15%. Google fell 7% and Tesla tanked 14.5%, but the storage sector strengthened against the trend—Micron rose 3%, Hynix rose 2.5%, and SanDisk once jumped nearly 7% to 1694 intraday. Although it pulled back at the close to 1581, its overall performance has already outperformed the broader market. When the market crashes, it keeps up; when the market stabilizes, it leads—this is what a leader should look like!

Looking at the 1-hour chart, after topping out at 1694, it pulled back and steadied around 1580. The MACD green bars have started to shorten, and downside momentum is weakening. As long as 1530-1540 doesn’t break, the medium-term trend still leans bullish. Resistance above is 1620-1640; on a breakout, look for 1670-1690. Support below has formed in the 1550-1560 area.

On the news front, last night had two variables in play. The downside: the Nasdaq plunged 2.15%, Google fell 7% after its earnings report, and Tesla dropped 14.5%, which weighed on overall risk appetite. The upside: Goldman explicitly called for being bullish on storage, and foreign funds have been aggressively buying Hynix for 4 straight days, totaling 2.7 trillion won. The trend of capital flowing back to storage is clear. Micron and Hynix rising against the trend already shows that funds are focusing on storage leaders.

MiGE both-long-and-short trading suggestions:
Go long conservatively on the pullback near 1550 - 1560; for an aggressive entry, go long directly around the current price area of 1580 - 1590. For shorting, try on the rebound near 1620 - 1640; if it breaks out, watch for a late stalling near the prior high around 1690, and then enter a short.

Personal view:
Brothers, when the storage sector strengthens against a broader market crash, that’s the signal of “voting with their feet.” Below 1580 is where you reverse and pick up people—don’t wait for it to rise before chasing.

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