Has SNDK's pullback since 1828 ended? I don’t think so. Many people see the move from 1828 as a new downtrend, but I prefer to define it as a pullback: In the August 24 tweet, we mentioned that the rebound since 998 wasn’t over, and the drop starting from 1828 was more likely a pullback targeting the first wave of the 998-1828 rally. We identified the 1400 level as a key observation point. Afterward, SNDK dipped to a low of 1416 and then rebounded nearly 10%, showing that this key level indeed played a role. However, as of now, it’s still not enough to confirm the end of the adjustment. Next, keep a close eye on 1565. If it fails to break through and hold above this level effectively in the near term, I believe the adjustment will continue. On a larger scale, my structural analysis and trend judgment for SNDK remain unchanged: — As long as this adjustment doesn’t evolve into a new downtrend, once the adjustment ends, SNDK should have at least one more rally of the same magnitude as the 998-1828 move. And at least for now, I haven’t seen any evidence of it returning to a downtrend. The short position mentioned earlier is still being held. Once there are signs that the adjustment is ending, we’ll close the short position and look to capture the potential long opportunity that follows. I’ll continue to track SNDK’s movements. Stay tuned, everyone.