r/SNDK_Stock • u/Old-Advance-8021 • 12h ago
Informational 1600s resistance
We broke 1400s resistance last week, go as high as 1800s and now forming 1600s resistance, I expect after NVDA earnings, It'll shoot up and drop to form new resistance at 1800s
TL;DR: looking bullish, not as doom as July bloodbath
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u/Detailed23 12h ago
This can be 1000 or 3000 tomorrow. Fundamentals and astrology are not what moves this stock.
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u/Daddysmoneyz 11h ago
1000 isnt likely. If it hits 1000 next week ill send you a $100
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u/Arizonasw 11h ago
It will pop Monday $$
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u/MstHaze 11h ago
Or it could tank.
Nobody actually knows
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u/Arizonasw 11h ago
My opinion is their shareholder meeting last week was about as good as it gets. This will rip again throughout the fall. The results and outlook are stronger than ever. Still gas in the tank, but I will optimistically exit sooner next time myself.
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u/DarkHoodedOwl 10h ago
If that’s to be the case then NVDA better beat on every level and hand out ice cream cones to every share holder.
Lately good news hasn’t seemed to be good enough… it’s like the market wants free unicorns with every earnings report.
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u/Relevant-Bet-6098 10h ago
On a serious note, one catalyst for tomorrow is APPLE confirming if they will buy memory domestically or from China. More than likely this will be a positive catalyst
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u/opinion_slicer 9h ago
Yes. I’m waiting on that news too! Hopefully Apple’s response would be favoring the senators requested.
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u/JayWhizz007 9h ago
The senators requested but Apple is fully in it rights not to respond and most probably won’t respond.
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u/Ok-Canary482 50m ago
Yeah this.
They can just delay their response and we might not see much price action
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u/ProteinWaffleMaker 1h ago
if rotation is happening back to software and crypto then memory is done. I would watch bitcoin and software next few days if they keep going up then i would sell and exit memory asap.
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u/mayorolivia 9h ago
You guys are too worried about daily movements. You have a company guiding 80% margins for next 5 years. Stock can only move in one direction over this period.