$SNDK The market opened high before the session and then fell—how will tonight’s market move?🔥
Storage stocks collectively plunged before the session, with SanDisk directly retreating 40 points, making many people feel that the storage rally was coming to an end.
In fact, we can see that SK Hynix is still in the green, and SanDisk’s trading volume has not decreased. The current storage shortage is a fact, so this decline looks more like a slight dip to lure in shorts, with support still below.
I still believe there will be a sharp surge after the open to clear out the short positions above.
B