Trapped!
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By:阿东聊米股
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Yesterday, the tech sector surged and then pulled back as expected, but the extent of the drop was beyond expectations. As mentioned yesterday, the resistance above 1500 for SNDK is quite strong, so it's recommended to take profits on rallies.
I exited around 1500 as planned, but bought back near 1330. It's similar to last time at 1480 when I tried to bottom fish and got trapped, only this time the entry was at a lower point.
Yesterday's big drop in semiconductor tech stocks was blamed on NVDA. NVDA plans to provide $250 billion in guarantees for OpenAI, which the market interpreted as
AI hardware manufacturers are no longer simply sellers who always make money—they now have to bear risks for downstream expansion! That's why all AI hardware-related companies plummeted together yesterday, with memory stocks bearing the brunt.
As I always say, at this stage, if you bottom-fished and are now trapped, there's no need to cut your losses! However, adding more to your position takes some skill.
The simplest way is to watch the share price trend of Korea’s SK Hynix. If it doesn’t stabilize and rebound over there, don’t add more in US markets.
While writing this, I haven’t seen any signs of a rebound from SK Hynix yet. Let's see if the loss narrows by the market close. If it doesn’t, US semiconductor stocks are likely to remain in adjustment today.
Tomorrow during Asia trading hours, SK Hynix will release its earnings report a bit after 9 a.m. Logically, after such a significant share price drop, tomorrow's report should spur a rebound.
So today it's important to pay attention to whether funds in Korea will buy into SK Hynix ahead of time in the afternoon. For aggressive strategies, you could consider bottom fishing or adding to memory-themed stocks during the intraday pullback.
Take SNDK as an example: recently, we've seen increasing volume with declines and decreasing volume with gains. This volume-price relationship suggests a bearish advantage, and as long as this does not change,
it’s still recommended everyone stick to a range-bound trading strategy—buy on dips, sell on rips! In this kind of market, there’s little risk of missing out or selling too early, since even the rebounds lack significant upside.
If no bottom-fishing funds show up for SK Hynix by the end of the session in Korea, then I won’t add to SNDK today. I’d rather wait until after SK Hynix’s earnings come out tomorrow and act if there’s a positive signal.
In short, the current market is quite tough to trade. If you tried to catch the bottom and are now stuck, don’t panic; if a rally comes without volume or runs into major resistance, be willing to sell—just make sure not to get the trade direction wrong!
I exited around 1500 as planned, but bought back near 1330. It's similar to last time at 1480 when I tried to bottom fish and got trapped, only this time the entry was at a lower point.
Yesterday's big drop in semiconductor tech stocks was blamed on NVDA. NVDA plans to provide $250 billion in guarantees for OpenAI, which the market interpreted as
AI hardware manufacturers are no longer simply sellers who always make money—they now have to bear risks for downstream expansion! That's why all AI hardware-related companies plummeted together yesterday, with memory stocks bearing the brunt.
As I always say, at this stage, if you bottom-fished and are now trapped, there's no need to cut your losses! However, adding more to your position takes some skill.
The simplest way is to watch the share price trend of Korea’s SK Hynix. If it doesn’t stabilize and rebound over there, don’t add more in US markets.
While writing this, I haven’t seen any signs of a rebound from SK Hynix yet. Let's see if the loss narrows by the market close. If it doesn’t, US semiconductor stocks are likely to remain in adjustment today.
Tomorrow during Asia trading hours, SK Hynix will release its earnings report a bit after 9 a.m. Logically, after such a significant share price drop, tomorrow's report should spur a rebound.
So today it's important to pay attention to whether funds in Korea will buy into SK Hynix ahead of time in the afternoon. For aggressive strategies, you could consider bottom fishing or adding to memory-themed stocks during the intraday pullback.
Take SNDK as an example: recently, we've seen increasing volume with declines and decreasing volume with gains. This volume-price relationship suggests a bearish advantage, and as long as this does not change,
it’s still recommended everyone stick to a range-bound trading strategy—buy on dips, sell on rips! In this kind of market, there’s little risk of missing out or selling too early, since even the rebounds lack significant upside.
If no bottom-fishing funds show up for SK Hynix by the end of the session in Korea, then I won’t add to SNDK today. I’d rather wait until after SK Hynix’s earnings come out tomorrow and act if there’s a positive signal.
In short, the current market is quite tough to trade. If you tried to catch the bottom and are now stuck, don’t panic; if a rally comes without volume or runs into major resistance, be willing to sell—just make sure not to get the trade direction wrong!
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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