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$XSNDK What’s going on with SanDisk today? Why does its candlestick chart look like a meme coin? 😅 Is this the reason? After the market opened tonight, the price first surged directly to $1,400, then quickly dropped to around $1,190, and shortly after, it bounced back to about $1,240. This kind of price movement really looks like someone is deliberately drawing a pattern, but the actual situation is more likely that several different groups of funds collided at the same time. Before the official opening of the US stock market, the main trading focus was on Kioxia’s earnings report. The earnings data itself was indeed strong, with revenue reaching 1.77 trillion yen and operating profit at 1.27 trillion yen, but the market’s prior expectations might have been even more optimistic than the actual figures. After the results were announced, funds chasing the news started buying, while those who had positioned themselves earlier chose this moment to take profits. These opposing trading actions directly clashed. After the US market opened at 21:30 Beijing time, the real buy and sell orders within SanDisk’s stock began to reprice xSNDK, which explains the consecutive high open, rapid drop, and rebound after bottom-fishing funds entered. To put it simply, SanDisk’s fundamentals did not change three times in a short period; what really changed was the market’s interpretation of the earnings report. Some believe the data is strong enough, while others think the previous price had already priced in higher expectations, so both sides started to battle over the price on the trading floor. In the short term, the key level to watch is whether $1,190 can hold. If this level holds, the first resistance to break after the rebound is $1,285; only by reclaiming around $1,330 can the price be considered somewhat stable. Conversely, if $1,190 is broken again, market volatility may continue to expand. Additionally, SanDisk itself will release its earnings report on August 5. Until this official report appears, debates over performance expectations and valuation #DailyOrbit