SNDK – Last Strong Memory Stock Now Showing CracksSNDK has been an absolute monster — up nearly 500% in just a few months — and it’s the last man standing in the memory-stock mania. But today, we finally have the first real sign of exhaustion.🔹 The Setup:
This name has not closed below the 9 EMA for more than a day in months — pure trend monster behavior.
Today we’re printing a reversal candle with a long upper wick — the kind of signature you look for when a parabolic trend loses steam.
After such a massive run, even a normal retracement could be 20–30% down.
🔹 Sector Context:
Other memory names have already cooled off.
SNDK is the last stronghold, and that’s usually the one that gets hit hardest when the tide finally turns.When the leader cracks, the rest of the sector often unwinds together.
🔹 My Trade Plan:
1️⃣ Entry: Initiated a short in the mid-$260s.
2️⃣ Stop: Using today’s high of day — clean and tight.
3️⃣ Target: Looking for a sustained break below the 9 EMA, something we haven’t seen in months. First downswing could be brutal.
Why I Like This Short:
Reversal wick at peak extension.
Parabolic trend with no real pullback in months.
Sector softening while
SNDK is overstretched.Clean stop, massive potential reward.
This is exactly the type of high-reward mean reversion trade I take after extreme exhaustion runs.
Trade fechado: objetivo atingido
we hit 200 thats all its got
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
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📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.