$STXX Short sellers in Seagate don't need to rush to exit—the next “ATM” is here!
Folks, this Seagate move has been brutal—the board is in a complete panic! It plunged from 946 all the way down, getting cut in half! Don't believe the “AI storage will go up forever” hype. This is the funeral of an uptrend!
First, the latest news: two heavy blows have left investors reeling:
First, the US midterm elections are over, and data center regulations have suddenly tightened, completely shattering demand expectations. Once the regulatory hammer comes down, all resistance is futile!
Second, the earnings report at the end of the month exposed everything. The benefits of price hikes are fading, and HAMR technology—which was supposed to turn things around by cutting costs—has also fallen short. Seagate has played all its cards! Unless a major new technological breakthrough comes soon.
Looking at the technical picture, today's price action was brutally clear:
Today's opening price unexpectedly became resistance. At the 4-hour level, 535 below is doing nothing to stop the bleeding. If that level breaks, the path down to 500–480 is wide open.
Suzaku's view: Open a small short position at the current price, add at 560, and keep leverage below 20x.
Suzaku will track the market from every angle as it unfolds. Join “Suzaku Fort” 👇
#stxx #希捷 #美国中期选举:市场有哪些期待?