$SKHYNIX This rebound looks lively, but is actually very weak!
In the early hours of the 27th, Nvidia's earnings beat expectations. The AI concept did indeed set the pace, and the semiconductor and memory sectors collectively recovered. But did you look closely at the market action? During the second push higher, volume clearly failed to keep up! Prices were still inching upward, while trading volume was shrinking—a typical price-volume divergence. The bulls have nearly exhausted their strength.
More importantly, the area above is packed with trapped positions, and those who bought in earlier are all waiting to break even and exit. Every step higher brings a wave of selling pressure. In this environment, it will be difficult to push higher.
This structure of “earnings pulse → low-volume surge → suppression by trapped positions” has played out far too many times in both the crypto market and U.S. stocks. The most dangerous part is not the first wave of decline, but the strong bullish candle during the drop that makes people think a reversal has occurred—it is often a trap. 1215 happens to be the lower edge of the previous dense trading area. After a pullback confirms resistance, the probability of continuing lower is relatively high. This is a good level to position short in line with the trend, with the first target at 1150.
In the early hours of the 27th, Nvidia's earnings beat expectations. The AI concept did indeed set the pace, and the semiconductor and memory sectors collectively recovered. But did you look closely at the market action? During the second push higher, volume clearly failed to keep up! Prices were still inching upward, while trading volume was shrinking—a typical price-volume divergence. The bulls have nearly exhausted their strength.
More importantly, the area above is packed with trapped positions, and those who bought in earlier are all waiting to break even and exit. Every step higher brings a wave of selling pressure. In this environment, it will be difficult to push higher.
This structure of “earnings pulse → low-volume surge → suppression by trapped positions” has played out far too many times in both the crypto market and U.S. stocks. The most dangerous part is not the first wave of decline, but the strong bullish candle during the drop that makes people think a reversal has occurred—it is often a trap. 1215 happens to be the lower edge of the previous dense trading area. After a pullback confirms resistance, the probability of continuing lower is relatively high. This is a good level to position short in line with the trend, with the first target at 1150.
