Morning Trend | Credo Tech rises against the trend with increased volume, are short-term main force actions coming?
Credo Tech (CRDO.US) experienced a significant intraday surge yesterday, strongly breaking through the dense chip area built over the past two weeks, leading to community discussions that "speculative funds may have entered the market." After-hours data showed a substantial increase in short-term turnover rate, with a noticeable rise in large orders, indicating a heightened atmosphere for speculative trading. Many traders have begun to position themselves for breakout opportunities, discussing whether the strong momentum can continue and attract a new round of capital inflow. Benefiting from the capital return to the semiconductor sector, Credo Tech, as a high-elasticity tech stock, has had relatively quiet news recently, but there are prominent signs of significant speculation driven by technical factors. Technical analysts are closely watching the directional choice after the entanglement of the 5-day and 10-day moving averages. If there is sustained volume today pushing into the previous high area, the short-term FOMO logic is likely to strengthen; however, if intraday volume shrinks again or there is a pullback after a surge, the pressure from high-level positions needs to be monitored for a rapid reversal. The trading community advocates "buying on volume, waiting on low volume," and the current pattern is suitable for tracking unusual movements first, with sudden large orders serving as a barometer. Holders can take light positions to speculate on a strong breakout trend, but should quickly reduce positions if there is a sector pullback or weakening signals. The overall rhythm has shown signs of tense confrontation, and patiently waiting for clearer signals from the main funds is key to the response strategy
Technical Forecast·
