$Micron Tech(MU.US)$Sandisk(SNDK.US) trend is bullish!
The biggest black swan in the capital market is war or financial crisis. The evolution of the war in the Middle East is uncertain. The longer it drags on, the greater the impact on the capital market. Today's Asian market performance is a perfect example!
SanDisk and Micron Technology are also inevitably subject to volatility, but overall they are okay. Micron Technology's options open interest continues to surge sharply, probably because everyone is optimistic about earnings exceeding expectations. If market makers let the market rise freely, they will suffer heavy losses. However, this kind of intervention cannot change the medium-term trend, just like Citron's short selling couldn't change SanDisk's rise. The impact is short-term, and after that, the price will still rise to where it should go.
The biggest uncertainty here is still the situation in the Middle East. It cannot be delayed for too long. Hopefully, tonight's rebound can continue into the future. Wishing everyone safety and prosperity!
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