Saved for reference to check the situation.

LongPort - 钢铁纪律
钢铁纪律

Currently, the STAR Market / US stock storage sector / Korean stocks have all rebounded, but a reversal has not yet been confirmed. I have already opened a small position on the left side. The STAR Market refers to the STAR 50 Index, and for storage, it's mainly SK Hynix. For US stocks, it's currently still QQQ; as for individual storage stocks, I am still observing;

I posted yesterday that storage will have a two-day rally, bullish! Uncertain starting Wednesday because big tech earnings are coming up soon... impossible to predict.

Precise price levels: Here are my suggestions:

Micron: If it stabilizes at 900 in the night session, and does not pull back at the open, it will challenge 950. Once it stabilizes above 950, a reversal is basically confirmed, with overhead resistance at 1100.

In terms of downside limits, it is currently at 804 (support gained exactly above the gap). A 50% drop would be 627.

Therefore, the bottom zone should be 627-804.

SANDISK (SNDK): If it stabilizes at 1450 in the night session, and does not pull back at the open, it will challenge 1650. Stabilizing above 1650 basically confirms a reversal, with overhead resistance at 1900.

The bottom zone is estimated at 1177-1354 (1177 is the half-price level).

Note: The bottom zone is based on the worst-case scenario and may not necessarily be reached.

Anyone who expects SNDK to go to 5,000-6,000 after a surge, or drops to 300-400 during a crash, should be blocked. They are likely beginners lacking basic knowledge of the US stock market.

If you don't get margin-called when it falls into this zone, and you can stay calm, then buy the dip!

The purpose of defining this zone is to evaluate stop-loss decisions, because I've found that many people's stop-losses aren't calculated properly; they just cut losses because they feel uncomfortable... You still need to do the math...

I am cautiously optimistic. If Google's CAPEX continues to grow rapidly, the storage sector will confirm a reversal, so I will be watching closely these next few days.

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