Nov. 14 at 5:44 PM
$SNDK so those who are bears on this stock - it is up over 600%. Yesterday was a decent drop but this thing needs a pull back to be a healthy chart. It’s a mess. Right here if it pierces this support at 265 - I think there is potential for second half of the day. Not normally bearish on a stock unless it is warranted. For this one I am bearish for the health of the stock itself - people need to take some profits and trade this properly. Too much hype on a stock in a market just leaves it muddy and not fun to trade. SPX is ready for at least a 10% correction on the technicals and if things are going to return to a higher high - bulls need to realize when correction is necessary in order to get new momentum. It’s like breathing.
$SNDK and tech need to give up some momentum. Bears we are now at a nice short position for second half of day. I don’t normally post on ST except regarding my long investments but want to put that push out there for those who see what this chart needs.
