$Sandisk(SNDK.US)
Looking back at the posts from the past two weeks
1) Last Friday predicted the gap down to 680. The price plummeted from 778 to a low of 698.5 that day, and the gap has been filled this week.
2) Didn't dare predict the 589-595 gap last week. It was filled pre-market, and there's usually a confirmation at the open.
To stop the decline, a reversal pattern is needed, a big bullish candlestick.
Can't predict that. Need to watch the open and next week.
Because I was very cautious at 780, this week has been short-term long positions within a longer-term short bias. Closed the short positions yesterday, no trades today.
3) Future speculation
SNDK's price action still needs a strong bullish reversal candlestick to stop the decline. Without it, a reversal is out of the question.
Anyway, sincerely hope SNDK forms a bottom around 550-580 and rockets up! (Pure well-wishing)
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