what's good everyone, hope the week's been decent so far.
DRAM had a strong session yesterday. Closed at $64.76, up 6.81%. Hit $65.94 at the high after opening around $65.32. Volume was 43.8M – active but not crazy.
Pre-market is showing around $61.17, down about 5.5% from yesterday's close. That's a pretty solid pullback after a big up day – profit-taking vibes.
Here's the GEX (July expiry):
Put Wall $64, Call Wall $70, gamma flip around $63. Yesterday's close at $64.76 was sitting above the Put Wall and gamma flip, but still below the Call Wall – positive gamma territory. [GEX? Never heard of it? Here ya go >>](https://www.moomoo.com/us/learn/detail-gamma-exposure-gex-understanding-dealer-hedging-flows-and-key-levels-107906-260473079?global_content=%7B%22promote_content%22:%2211067213%22,%22promote_id%22:20795,%22promote_type%22:43,%22sub_promote_id%22:1%7D)
Technically, price is still below the middle Bollinger band ($67.76). RSI in the low 50s. MACD still negative but flattening – momentum neutral at best.
Above $70 and the Call Wall becomes support – $73-75 could come next. Below $60 and the Put Wall comes into play, with $58-55 as the next zone.
Pre-market at $61 is pulling back toward the gamma flip. Let's see if that level holds at open.
I know memory stocks have been all over the place lately – but the long-term setup still makes sense to me. Just my two cents.
DYOD🫡