💾 SanDisk at $1,271 — down -45.6% from its 3-month high. The entire flash memory sector is in a bear market, and SNDK is consolidating at the bottom of its range.

This is the boring part of the cycle. But boring = opportunity for patient traders.

📊 Technical Snapshot:
• Price: $1,271.05 (+2.68% today)
• RSI: 44 — bearish lean
• Trend: Consolidation (not actively breaking down)
• Volume: 1.04x average — normal participation
• Below SMA20 ($1,347) and SMA50 ($1,672)

🧠 Why I"m Watching:
Flash memory pricing is bottoming. NAND ASPs have been falling for quarters, and supply cuts are starting to work. The cycle always turns — it is just a matter of when.

SNDK at $1,271 is pricing in the worst case. Any positive data point on memory pricing or demand could trigger a 20-30% move.

📋 Key Levels:
• Support: $1,271 (current level — this IS the support)
• Resistance: $1,347 (SMA20), then $2,050 (major)
• Strategy: Accumulate at $1,200-$1,270 for a swing trade
• SL: $1,015 (3-month low)
• TP: $1,500 first, then $1,670

⚡ Memory cycle bottom: fact or fiction?
Share your view 👇

⚠️ DYOR — Not financial advice.

#SanDisk #FlashMemory #DYOR