
Post
Eshal fatima
Storage Market Direction: Week Ahead Analysis
The storage sector is anticipated to experience significant movements this week, driven by a confluence of technical indicators and macroeconomic events. Early in the week, SanDisk is expected to undergo a correction, following last Thursday's substantial overnight surge. This pullback is projected to set the stage for a sharp rally on Thursday, coinciding with the release of its earnings report and a MACD zero crossing on the 5-day moving average. However, the positive momentum may be short-lived. Historically, storage stocks tend to rebound rapidly after reaching a stage low. Should a full rebound to the target occur within 16 hours, it is highly probable that Friday's non-farm payrolls report will trigger another significant pullback.
#EarningsRealityCheck #SpaceXBeatEstimates #AMDBeatsButDrops
Disclaimer: de content op OKX Orbit dient uitsluitend ter informatie. Meer informatie
Reacties
Nog geen reacties. Reageer als eerste.

