💾 SanDisk (SNDK) -5.1% on SURGING volume (1.68x normal). When volume spikes on a down day, that's institutional selling. Pay attention.
Technical snapshot:
• Price: $1,214 (down -48% from 3-month high)
• RSI: 40.8 (leaning bearish)
• Below all SMAs, strong downtrend intact
• Volume surge = forced liquidation or position unwinding
The storage sector is getting repriced. Between NAND oversupply and demand uncertainty, the market is reassessing the entire storage value chain.
Key levels:
• Support: $1,280 (just broke — now resistance)
• Next support: $1,016 (3-month low)
• Resistance: $2,050
This is a falling knife. Wait for volume to normalize and a base to form before considering any position.
Storage sector: temporary pain or structural decline? 🤔
#SNDK #SanDisk #Stocks #DYOR
⚠️ Not financial advice. DYOR. Trading involves risk.
Technical snapshot:
• Price: $1,214 (down -48% from 3-month high)
• RSI: 40.8 (leaning bearish)
• Below all SMAs, strong downtrend intact
• Volume surge = forced liquidation or position unwinding
The storage sector is getting repriced. Between NAND oversupply and demand uncertainty, the market is reassessing the entire storage value chain.
Key levels:
• Support: $1,280 (just broke — now resistance)
• Next support: $1,016 (3-month low)
• Resistance: $2,050
This is a falling knife. Wait for volume to normalize and a base to form before considering any position.
Storage sector: temporary pain or structural decline? 🤔
#SNDK #SanDisk #Stocks #DYOR
⚠️ Not financial advice. DYOR. Trading involves risk.