$SNDK SanDisk’s valuation potential faces a reassessment!
U.S. stocks opened sharply higher yesterday, just as Brother Qiu had predicted. SanDisk broke above 1,650 but met resistance, then reversed and slid to around 1,577. It is now trading sideways in the 1,585–1,595 range. With U.S. markets closed and the weekend here, SanDisk is still mainly moving sideways for now!
A report from October 8—the day before yesterday—showed that Samsung’s preliminary forecasts for third-quarter revenue and operating profit were below analysts’ expectations, putting pressure on storage and related semiconductor stocks. The market is concerned that even if the industry continues to grow, its growth rate may fall short of earlier expectations. As a result, the market may reassess SanDisk’s valuation potential.
SanDisk’s earnings report is due on October 29. If the stock can regain its footing above $1,600–$1,630 and trading volume continues to rise, the short-term recovery signal will be clearer. If it falls below around $1,550, be alert to the risk of a further pullback. Follow Brother Qiu for the latest market updates, and learn how to catch the best part of the move! $MU $ERA
#比特币反弹至8.3万美元 #XRP财库公司Evernorth完成SPAC合并
U.S. stocks opened sharply higher yesterday, just as Brother Qiu had predicted. SanDisk broke above 1,650 but met resistance, then reversed and slid to around 1,577. It is now trading sideways in the 1,585–1,595 range. With U.S. markets closed and the weekend here, SanDisk is still mainly moving sideways for now!
A report from October 8—the day before yesterday—showed that Samsung’s preliminary forecasts for third-quarter revenue and operating profit were below analysts’ expectations, putting pressure on storage and related semiconductor stocks. The market is concerned that even if the industry continues to grow, its growth rate may fall short of earlier expectations. As a result, the market may reassess SanDisk’s valuation potential.
SanDisk’s earnings report is due on October 29. If the stock can regain its footing above $1,600–$1,630 and trading volume continues to rise, the short-term recovery signal will be clearer. If it falls below around $1,550, be alert to the risk of a further pullback. Follow Brother Qiu for the latest market updates, and learn how to catch the best part of the move! $MU $ERA
#比特币反弹至8.3万美元 #XRP财库公司Evernorth完成SPAC合并