The analyst expects $SNDK to decline 50% from its high after a parabolic move, warning of a significant drop ahead.
Parabolic moves are exceptional and typically lead to sharp declines; after a strong move like $NVDA, $SNDK is expected to follow a similar pattern of a 50% decline.
$SNDK is the most ridiculous Wave 5 i've ever seen Monster power But remember that this is not the norm, this is the exception After $NVDA's powerful move, many believed all Tech position would move the same ($PLTR holders believed there would never be a pull back before it declined -50%) $SNDK this will decline -50% from his high too Parabolic moves mean only one thing: Look out down below!
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -14.1% | -14.0% |
| 1 week | -15.0% | -15.0% |
| 1 month | -40.2% | -40.4% |
| 3 months | — | — |
| 6 months | — | — |