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Lucas美股机会
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Tech stocks continue to pull back; with an unrealized loss of 8%, should you cut losses? A pullback opportunity in memory chips.

YesMany friends are concernedTech stocks have been continuouslyadjusting for two days, so can you still buy?, already got on board early,facing losses of 5% or even 8%, should you really cut losses?Today, I'll share my views.
YesMany friends are concernedTech stocks have been continuouslyadjusting for two days, so can you still buy?, already got on board early,facing losses of 5% or even 8%, should you really cut losses?Today, I'll share my views. 1. $Nasdaq Composite Index (.IXIC.US)$ First, let's look at the Nasdaq index. After opening yesterday, the Nasdaqdropped rapidly to 26,200Nearby,Subsequently, significant support emerged, initiating an upward pull.The daily chart closed with a long lower shadow, indicating at least notable buying resistance around the 26,200 level.However, please note that a long lower shadow does not necessarily signal the end of the correction.Currently, the key factorto watch is the support in the 26,200 to 26,000 range.If the index can hold this level over the next 1-2 trading sessions and furtherrebound to 26,600, then this short-term correction may truly be nearing its end.Therefore, at this stage,there is no need to be overly pessimistic about the index. Let's take another look at the memory chip sector. Yesterday, the entiresector continued to adjust,but compared to other major tech themes, I believeits performance was relatively resilient to the decline,which indicates thateven as sentiment across the broader tech sector cooled,year,there was still significant buying support at lower levels in the memory chip space.This is why I maintain that the medium-term price logic for memory chips has not changed despite two consecutive days of correction. 2. $Micron Technology (MU.US)$ Yesterday, Micronquickly rebounded after testing support at $91.5., after-hours...
1. $Nasdaq Composite Index (.IXIC.US)$ First, let's look at the Nasdaq index. After opening yesterday, the Nasdaqdropped rapidly to 26,200Nearby,Subsequently, significant support emerged, initiating an upward pull.The daily chart closed with a long lower shadow, indicating at least notable buying resistance around the 26,200 level.However, please note that a long lower shadow does not necessarily signal the end of the correction.Currently, the key factorto watch is the support in the 26,200 to 26,000 range.If the index can hold this level over the next 1-2 trading sessions and furtherrebound to 26,600, then this short-term correction may truly be nearing its end.Therefore, at this stage,there is no need to be overly pessimistic about the index.
Let's take another look at the memory chip sector. Yesterday, the entiresector continued to adjust,but compared to other major tech themes, I believeits performance was relatively resilient to the decline,which indicates thateven as sentiment across the broader tech sector cooled,year,there was still significant buying support at lower levels in the memory chip space.This is why I maintain that the medium-term price logic for memory chips has not changed despite two consecutive days of correction.
2. $Micron Technology (MU.US)$
YesMany friends are concernedTech stocks have been continuouslyadjusting for two days, so can you still buy?, already got on board early,facing losses of 5% or even 8%, should you really cut losses?Today, I'll share my views. 1. $Nasdaq Composite Index (.IXIC.US)$ First, let's look at the Nasdaq index. After opening yesterday, the Nasdaqdropped rapidly to 26,200Nearby,Subsequently, significant support emerged, initiating an upward pull.The daily chart closed with a long lower shadow, indicating at least notable buying resistance around the 26,200 level.However, please note that a long lower shadow does not necessarily signal the end of the correction.Currently, the key factorto watch is the support in the 26,200 to 26,000 range.If the index can hold this level over the next 1-2 trading sessions and furtherrebound to 26,600, then this short-term correction may truly be nearing its end.Therefore, at this stage,there is no need to be overly pessimistic about the index. Let's take another look at the memory chip sector. Yesterday, the entiresector continued to adjust,but compared to other major tech themes, I believeits performance was relatively resilient to the decline,which indicates thateven as sentiment across the broader tech sector cooled,year,there was still significant buying support at lower levels in the memory chip space.This is why I maintain that the medium-term price logic for memory chips has not changed despite two consecutive days of correction. 2. $Micron Technology (MU.US)$ Yesterday, Micronquickly rebounded after testing support at $91.5., after-hours...
Yesterday, Micronquickly rebounded after testing support at $91.5.and the after-hours price has alreadyIt has returned to the vicinity of $950,for those who entered positions early in the $930–$940 range previously，as long as your position size is not overly heavy, I believe there is no need for excessive concern at this stage. Fromthe perspective of the overall price structureLet's take a look,, the $880–$915 range remains a key support zone for Micron,even if Micron experiences another significant pullback, we can wait for a deeper level before executing a second trade to average down.If you still consider Micron's current price too high and prefer to wait for a deeper correction,there is no need to rush.You could consider waiting for the $915–$880 support zone below,If Micron’s stock price adjusts to the $880 range in the future, it would offer a better initial entry point for investors currently holding cash positions in the storage sector.
YesMany friends are concernedTech stocks have been continuouslyadjusting for two days, so can you still buy?, already got on board early,facing losses of 5% or even 8%, should you really cut losses?Today, I'll share my views. 1. $Nasdaq Composite Index (.IXIC.US)$ First, let's look at the Nasdaq index. After opening yesterday, the Nasdaqdropped rapidly to 26,200Nearby,Subsequently, significant support emerged, initiating an upward pull.The daily chart closed with a long lower shadow, indicating at least notable buying resistance around the 26,200 level.However, please note that a long lower shadow does not necessarily signal the end of the correction.Currently, the key factorto watch is the support in the 26,200 to 26,000 range.If the index can hold this level over the next 1-2 trading sessions and furtherrebound to 26,600, then this short-term correction may truly be nearing its end.Therefore, at this stage,there is no need to be overly pessimistic about the index. Let's take another look at the memory chip sector. Yesterday, the entiresector continued to adjust,but compared to other major tech themes, I believeits performance was relatively resilient to the decline,which indicates thateven as sentiment across the broader tech sector cooled,year,there was still significant buying support at lower levels in the memory chip space.This is why I maintain that the medium-term price logic for memory chips has not changed despite two consecutive days of correction. 2. $Micron Technology (MU.US)$ Yesterday, Micronquickly rebounded after testing support at $91.5., after-hours...
3. $SanDisk (SNDK.US)$ Another core target in the storage sector isSanDisk, which saw a significant decline yesterday,but ifwe view this in the context of the current rally, SanDisk’s pullback is not actually that excessive.From a technical structure perspective, the first wave of SanDisk’s uptrend was highly complete. If the stock continues to adjust, a retest near the 10-day moving average should provide solid support,so I still believe the $1,500–$1,450 range is a relatively favorable zone for scaling into a position in SanDisk,however, it is importantto emphasize one issue:SanDisk's stock price exhibits very high elasticity. Ifyou truly wish to speculate on a single high-beta stock within the storage sector, keep your position size as small as possible.
The next article will continue to discussOptical modules and Circle at low valuations, as well as new opportunities to position in undervalued individual stocks $Lumentum (LITE.US)$ $Marvell Technology (MRVL.US)$ $Circle (CRCL.US)$ $Canadian Solar (CSIQ.US)$
YesMany friends are concernedTech stocks have been continuouslyadjusting for two days, so can you still buy?, already got on board early,facing losses of 5% or even 8%, should you really cut losses?Today, I'll share my views. 1. $Nasdaq Composite Index (.IXIC.US)$ First, let's look at the Nasdaq index. After opening yesterday, the Nasdaqdropped rapidly to 26,200Nearby,Subsequently, significant support emerged, initiating an upward pull.The daily chart closed with a long lower shadow, indicating at least notable buying resistance around the 26,200 level.However, please note that a long lower shadow does not necessarily signal the end of the correction.Currently, the key factorto watch is the support in the 26,200 to 26,000 range.If the index can hold this level over the next 1-2 trading sessions and furtherrebound to 26,600, then this short-term correction may truly be nearing its end.Therefore, at this stage,there is no need to be overly pessimistic about the index. Let's take another look at the memory chip sector. Yesterday, the entiresector continued to adjust,but compared to other major tech themes, I believeits performance was relatively resilient to the decline,which indicates thateven as sentiment across the broader tech sector cooled,year,there was still significant buying support at lower levels in the memory chip space.This is why I maintain that the medium-term price logic for memory chips has not changed despite two consecutive days of correction. 2. $Micron Technology (MU.US)$ Yesterday, Micronquickly rebounded after testing support at $91.5., after-hours...
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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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