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U.S. stocks are closed, but SanDisk’s popularity remains high. It has been moving sideways without significant capital fluctuations, but the market short sentiment index has reached as high as 76%. Of 10 people, roughly 2–3 are bullish and 7–8 are bearish. I share the same view as those 2–3 people.
Some may ask: After SanDisk’s explosive short-squeeze-like rise, shouldn’t it fall? Indeed, SanDisk’s sharp surge over the past few days has made many people feel that it has reached a position to short. Although I believe conditions for a short squeeze exist, I remain bullish.
#GateLaunchpool141MDOS #GateTop1GrowthInJuly #GateCardTripleUpgrade #SandiskSurges14%OnNewFinancialFramework
I’m with the bulls on this one. The high short interest could fuel another squeeze if momentum continues. The real question is: will bears get trapped again, or finally take control? 👀📈