$SNDK Continue to go long. Surprisingly, this round of Sandisk directly got smashed onto the top of the losers’ board, but everyone should have seen how strong the rebound was yesterday. The support at the bottom really is quite strong. At this level, you can consider watching for a dip-buying opportunity; the overall risk-reward ratio looks pretty good. The next upside target may be around 1500. However, the market always has uncertainty—if you participate, remember to keep the defensive line at 1280, mind the risks, and don’t go too heavy chasing.

SNDK-0.56%
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