FIL broke above 1! Resistance turns into support, structural reversal is coming
After grinding at the integer threshold for a long time, it was finally completely trampled underfoot today. The former resistance level has now successfully turned into a support floor.
1. The threshold officially changes hands
FIL has firmly held above 1.045, and the 1.0 integer threshold has a chance to be effectively sustained for the first time. The next two days are a critical confirmation window; once stabilized, a new upward space will open above.
2. Sector linkage warms up, market becomes healthier
This round of rise is no longer FIL fighting alone.
The US stock storage sector collectively strengthens: SanDisk +6.8%, Micron +5%, Western Digital +3.7%, FIL simultaneously rises 5.97%, fully following the sector rhythm.
A market backed by industry fundamentals is much more stable and lasting than an isolated blind rally.
3. Structural selling pressure risk still exists
Mid-October will usher in a supply reduction window, but miners' habit of selling on rebounds has not changed.
At this stage, after the rise, floating supply pressure may be realized at any time; the rebound is not a mindless one-way move and still has the probability of repeated shakeouts.